Meggitt plc (MGGT) to Issue Dividend of GBX 5.05
Meggitt plc (LON:MGGT) declared a dividend on Tuesday, August 1st, Upcoming.Co.Uk reports. Investors of record on Thursday, September 7th will be paid a dividend of GBX 5.05 ($0.07) per share on Friday, September 29th. This represents a yield of 1.01%. The ex-dividend date is Thursday, September 7th. The official announcement can be viewed at this link.
Shares of Meggitt plc (LON:MGGT) traded down 0.29% on Friday, reaching GBX 516.50. 1,219,278 shares of the company were exchanged. The firm’s 50 day moving average price is GBX 500.42 and its 200 day moving average price is GBX 476.08. The stock’s market capitalization is GBX 4.00 billion. Meggitt plc has a 52 week low of GBX 407.40 and a 52 week high of GBX 519.00.
A number of research firms recently commented on MGGT. Liberum Capital reiterated a “sell” rating and issued a GBX 375 ($4.85) target price on shares of Meggitt plc in a research note on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a GBX 457 ($5.91) target price on shares of Meggitt plc in a research note on Thursday, June 22nd. Barclays PLC reiterated an “overweight” rating and issued a GBX 540 ($6.98) target price on shares of Meggitt plc in a research note on Monday, August 7th. Deutsche Bank AG lowered their target price on shares of Meggitt plc from GBX 470 ($6.08) to GBX 456 ($5.90) and set a “hold” rating for the company in a research note on Thursday, May 18th. Finally, J P Morgan Chase & Co lifted their price objective on shares of Meggitt plc from GBX 500 ($6.47) to GBX 505 ($6.53) and gave the company a “neutral” rating in a research note on Friday, May 19th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 469.77 ($6.08).
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Meggitt plc Company Profile
Meggitt PLC is an engineering company. The Company designs and manufactures high performance components and sub-systems for aerospace, defense and other specialist markets, including energy, medical, industrial, test and automotive. The Company’s segments are Meggitt Aircraft Braking Systems (MABS), Meggitt Control Systems (MCS), Meggitt Polymers & Composites (MPC), Meggitt Sensing Systems (MSS) and the Meggitt Equipment Group (MEG).
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