Meggitt plc (MGGT) Declares Dividend of GBX 4.25
Meggitt plc (LON:MGGT) declared a dividend on Tuesday, August 5th, Stock Ratings News reports. Shareholders of record on Wednesday, August 13th will be given a dividend of GBX 4.25 ($0.07) per share on Friday, October 3rd. This represents a yield of 0.89%. The ex-dividend date of this dividend is Wednesday, August 13th. The official announcement can be accessed at this link.
MGGT has been the subject of a number of recent research reports. Analysts at Investec reiterated an “add” rating on shares of Meggitt plc in a research note on Tuesday. On a related note, analysts at Jefferies Group reiterated a “hold” rating on shares of Meggitt plc in a research note on Tuesday. They now have a GBX 550 ($9.25) price target on the stock. Finally, analysts at Cantor Fitzgerald Europe reiterated a “buy” rating on shares of Meggitt plc in a research note on Tuesday. They now have a GBX 590 ($9.93) price target on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 549.40 ($9.24).
Meggitt plc (LON:MGGT) traded down 4.73% during mid-day trading on Tuesday, hitting GBX 479.70. The stock had a trading volume of 6,510,705 shares. Meggitt plc has a 52 week low of GBX 445.00 and a 52 week high of GBX 573.50. The stock’s 50-day moving average is GBX 514.9 and its 200-day moving average is GBX 497.1. The company’s market cap is £3.823 billion.
Meggitt PLC is engaged in designing and manufacturing of components and sub-systems. The Company’s segments include Aircraft Braking Systems, which is a supplier of aircraft wheels, brakes and brake control systems; Control Systems, which is a supplier of pneumatic, fluid control, thermal management and electro-mechanical equipment and sub-systems; Polymers & Composites, which is a specialist in fuel containment, engineered aircraft sealing solutions and technical polymers, electrothermal ice protection and complex composite structures and assemblies; Sensing Systems, which is a provider of sensing and condition-monitoring solutions for rotating machinery and other assets, and Equipment Group division, which supplies aircraft fire protection and control systems, avionics, combat systems, live-fire and simulation training, and heat transfer equipment.
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