MGGT.L - Meggitt PLC

LSE - LSE Delayed price. Currency in GBp
311.30
-0.50 (-0.16%)
At close: 4:35PM BST
Stock chart is not supported by your current browser
Previous close311.80
Open308.10
Bid314.80 x 0
Ask315.10 x 0
Day's range303.97 - 315.70
52-week range196.15 - 701.80
Volume3,002,872
Avg. volume7,273,989
Market cap2.43B
Beta (5Y monthly)0.88
PE ratio (TTM)11.00
EPS (TTM)28.30
Earnings date08 Sep 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend date19 Mar 2020
1y target est577.07
  • Two stocks that could make you rich from a coronavirus vaccine
    Fool.co.uk

    Two stocks that could make you rich from a coronavirus vaccine

    Investing in stocks that will benefit no matter who develops a coronavirus vaccine could make you rich. I think these two stocks are good candidates.The post Two stocks that could make you rich from a coronavirus vaccine appeared first on The Motley Fool UK.

  • What to watch: All Bar One owner swings to loss, Meggitt warning, and stocks rise
    Yahoo Finance UK

    What to watch: All Bar One owner swings to loss, Meggitt warning, and stocks rise

    A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.

  • Reuters

    Meggitt warns of sales drop as virus halts air travel

    The company, which makes parts used in planes, said revenue from its civil aerospace business is expected to decline about 30% in the first half, following a roughly 50% fall in the second quarter. Meggitt said its defence business continued to perform well but gains would be offset by the declines in its civil aerospace and energy units.

  • The Meggitt share price – where next?
    Stockopedia

    The Meggitt share price – where next?

    The Meggitt (LON:MGGT) share price has risen by 12.6% over the past month and it’s currently trading at 291.4. For investors considering whether to buy, hold o...

  • Analysts upbeat on the outlook for Meggitt
    Stockopedia

    Analysts upbeat on the outlook for Meggitt

    The Meggitt (LON:MGGT) share price has risen by 41.6% over the past month and it’s currently trading at 356.9. For investors considering whether to buy, hold o...

  • What to watch: EasyJet and Carnival drop out of FTSE 100, ECB in focus, and car companies cut jobs
    Yahoo Finance UK

    What to watch: EasyJet and Carnival drop out of FTSE 100, ECB in focus, and car companies cut jobs

    A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.

  • Brokers upbeat on Meggitt despite economic uncertainty
    Stockopedia

    Brokers upbeat on Meggitt despite economic uncertainty

    The Meggitt (LON:MGGT) share price has risen by 5.46% over the past month and it’s currently trading at 267.8. For investors considering whether to buy, hold o...

  • Is It Too Late To Consider Buying Meggitt PLC (LON:MGGT)?
    Simply Wall St.

    Is It Too Late To Consider Buying Meggitt PLC (LON:MGGT)?

    Meggitt PLC (LON:MGGT), which is in the aerospace & defense business, and is based in United Kingdom, received a lot...

  • Reuters

    Meggitt cuts 1,800 jobs to save cash as coronavirus hits demand

    British engineering company Meggitt <MGGT.L> said it planned to shed about 1,800 jobs as part of a cost cutting plan to cope with a contraction in the world's air travel market due to the coronavirus pandemic. Meggitt, which makes parts used in planes, said on Thursday that it was too early to provide guidance for this year given the coronavirus crisis, and its focus was on cutting costs. The company said that it would cut jobs equivalent to 15% of its global workforce of 12,000 people, but a spokesman said there was no clarity on where those jobs would be lost.

  • Are Investors Undervaluing Meggitt PLC (LON:MGGT) By 29%?
    Simply Wall St.

    Are Investors Undervaluing Meggitt PLC (LON:MGGT) By 29%?

    Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Meggitt PLC...

  • Most U.K.-Made Ventilators Won’t Arrive Ahead of Virus Peak
    Bloomberg

    Most U.K.-Made Ventilators Won’t Arrive Ahead of Virus Peak

    (Bloomberg) -- When Britain’s government issued an urgent call to industry for thousands of hospital ventilators, more than 5,000 companies offered to help. Coronavirus infections are expected to peak next week and there’s little to show for their effort.Significant deliveries from the firms are still weeks away, and the embattled National Health Service has resorted to foreign imports and loans from the armed forces and the private sector to double its ventilator count to around 10,000. While the national lockdown appears to be slowing the spread of Covid-19, the NHS may need as many as 8,000 more of the devices, according to Health Secretary Matt Hancock.​The government is under intense pressure to solve Britain’s shortage of the machines that are vital for treating critically ill patients. It already spurned an offer to join a European Union program for procuring ventilators, initially stating it was no longer a member of the bloc and could source them locally, before backtracking and saying it had missed the email inviting participation. EU leaders are struggling to coordinate a response to the virus; last night they were unable to agree on a 500 billion-euro ($543 billion) stimulus package.​It’s not that U.K. Plc can’t do the job: The machines are seen as relatively straightforward to make and much of industry has been sitting on its hands since the economy tanked. The problem is that vacuum cleaner maker Dyson Ltd., engineering contractor Babcock International Group Plc and other newcomers to the business need their designs to be fully tested and approved.It can take months for the U.K. Medicines & Healthcare Products Regulatory Agency to sign off on sensitive medical machinery. The process can be expedited, but still takes valuable time to ensure patients’ safety.“It’s a race against the clock,” said Derek Hill, a professor specializing in medical devices at University College London. The regulator is “literally working all hours making this happen fast.”For now, the supply of ventilators from British manufacturers is tiny. The NHS expects to receive 30 locally-made machines this week, compared to 300 sourced from China over the weekend.Department of Health and Social Care officials say they are confident there will be enough ventilators to meet demand, given the steps being taken to increase the number available, and as long as people continue to stay at home to reduce the spread of the virus.Pistons, TurbochargersIn the short run, the greatest hope lies with consortium Ventilator Challenge UK, which includes Meggitt Plc, Airbus SE, GKN Ltd, McLaren Automotive Ltd and Rolls-Royce Holdings Plc. They plan to churn out 1,500 ventilators a week using designs from Penlon Ltd. and Smiths Group Plc, two medical device makers that can currently only make about 50 to 60 of the machines per week on their own. The group already has an approved ventilator from Smiths. But it’s still closing in on final approval for the other, and its factories and supply chains are in need of re-calibrating, so large deliveries are unlikely before the end of April.​A breathing aid developed by engineers from the Mercedes Formula One team and University College London has been approved for use. It’s being manufactured at a rate of as many as 1,000 a day using machines that would normally produce racing car pistons and turbochargers. It’s not as sophisticated as a ventilator, but it can help reduce the need for those devices.Companies such as Babcock -- which has a government contract to make 10,000 of its Zephyr Plus ventilators -- face a longer wait for approval. They may end up being useful in a potential second or third wave of infection.Prime Minister Boris Johnson, who is in hospital with the disease, set a challenge last month to source 30,000 ventilators.The government now says fewer will be needed because lockdown measures have slowed the virus’s spread. The NHS has 2,000 extra ventilators on standby, with 1,500 more due to arrive by the end of the week, Hancock said on Sunday.(Updates with news on EU fiscal stimulus in third paragraph; adds context)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters - UK Focus

    LIVE MARKETS-Southern European banks' risk premium bound to be high

    You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@thomsonreuters.com), Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London. Risk premiums on Southern European banks is bound to remain high, unless a European deal to share the burden of public debt due to the coronavirus takes place, Jefferies analysts say.

  • Reuters - UK Focus

    LIVE MARKETS-What Brexit?

    You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@thomsonreuters.com), Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London. Since the referendum in 2016, the UK's process to leave the European Union was a top concern for investors, until Covid-19 happened. The sentiment is still fragile in London due to Boris Johnson's hospitalisation but stocks meanwhile are riding on the global risk-on wave as infection/death rate slows.

  • Reuters - UK Focus

    LIVE MARKETS-Highly leveraged EU companies are missing the rebound party?

    You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@thomsonreuters.com), Joice Alves (joice.alves@thomsonreuters.com) and Julien Ponthus (julien.ponthus@thomsonreuters.com) in London. Futures are pointing to an open in the black for European bourses on hopes the coronavirus crisis may be receding in some of the worst hit countries across the region.

  • Some of the UK's biggest firms are pooling resources to build NHS ventilators
    Yahoo Finance UK

    Some of the UK's biggest firms are pooling resources to build NHS ventilators

    UK government has ordered 10,000 ventilators from industrial consortium including Airbus, Bae Systems, Meggit, Ford and Rolls-Royce.

  • Reuters - UK Focus

    Britain turns to Dyson for 10,000 ventilators to ramp up the coronavirus fight

    Britain made an emergency order of 10,000 ventilators designed at breakneck speed by bagless vacuum cleaner company Dyson, the first fruits of an industry-wide call to arms to prepare for the looming peak of the coronavirus outbreak. Ahead of an expected surge of cases that could overwhelm Britain's publicly funded health service, Prime Minister Boris Johnson made an urgent appeal to manufacturers 10 days ago to build ventilators to help keep patients alive. Billionaire founder James Dyson said he had drawn on the company's expertise in air movement, motors, power systems, manufacturing and supply chain to design and build an entirely new ventilator, The CoVent, that could be deployed in this time of "grave international crisis".

  • Reuters - UK Focus

    UK's Smiths makes ventilator available to other producers

    British technology firm Smiths Group said it was making one of its ventilators available for other manufacturers to produce, part of a coordinated attempt to tackle a shortage of life-saving equipment as coronavirus spreads. The group's Smiths Medical unit was providing intellectual property and advice to other companies to make its PARAPAC Plus lightweight ventilators, and it was ramping up its own production at its site in Luton, just north of London. Smiths said it was also talking to contract manufacturers to add production capacity in the United States and elsewhere.

  • Reuters - UK Focus

    UK hopes newly-made ventilators will be ready for coronavirus fight next week

    Britain said on Friday its scramble to produce thousands of ventilators to fight the coronavirus outbreak was achieving results as top companies have already produced a prototype and it should be ready for use in hospitals by the end of next week. In a matter of days some of these top engineering companies have already turned their hand to this effort and already got their prototypes out.

  • Reuters - UK Focus

    WRAPUP 2-World's governments draft manufacturers for virus treatment arsenal

    LONDON/MILAN, March 19 (Reuters) - From Washington to London, Beijing to Rome, governments are drafting automakers and aerospace manufacturers to ramp up production of ventilators and other medical equipment to bolster what most experts say is an inadequate arsenal of coronavirus treatment tools. Authorities are hoping large-scale manufacturers can use their low-cost supply chains and digital design expertise, including 3D printing, and repurpose some factories in order to make up the expected shortfall in vital medical hardware. Some of Britain's biggest aerospace and car companies have formed three teams to produce basic ventilators to help the country's National Health Service cope with the coronavirus outbreak.

  • Meggitt: further share price problems ahead?
    Stockopedia

    Meggitt: further share price problems ahead?

    Momentum is sticky and persists for longer than investors tend to anticipate. The downside of this is that stocks with recent negative momentum are likely to c8230;

  • Meggitt to lead UK consortium to make ventilators for coronavirus
    Yahoo Finance UK

    Meggitt to lead UK consortium to make ventilators for coronavirus

    The manufacturer said it was leading a grouping of UK suppliers to 'rapidly' develop ventilators needed to help patients with coronavirus.

  • World's governments draft manufacturers for virus treatment arsenal
    Reuters

    World's governments draft manufacturers for virus treatment arsenal

    LONDON/MILAN (Reuters) - From Washington to London, Beijing to Rome, governments are drafting automakers and aerospace manufacturers to ramp up production of ventilators and other medical equipment to bolster what most experts say is an inadequate arsenal of coronavirus treatment tools. Authorities are hoping large-scale manufacturers can use their low-cost supply chains and digital design expertise, including 3D printing, and repurpose some factories in order to make up the expected shortfall in vital medical hardware. Some of Britain's biggest aerospace and car companies have formed three teams to produce basic ventilators to help the country's National Health Service cope with the coronavirus outbreak.

  • Meggitt PLC (LON:MGGT) Pays A UK£0.12 Dividend In Just 3 Days
    Simply Wall St.

    Meggitt PLC (LON:MGGT) Pays A UK£0.12 Dividend In Just 3 Days

    Readers hoping to buy Meggitt PLC (LON:MGGT) for its dividend will need to make their move shortly, as the stock is...

  • Meggitt PLC (LON:MGGT): Has Recent Earnings Growth Beaten Long-Term Trend?
    Simply Wall St.

    Meggitt PLC (LON:MGGT): Has Recent Earnings Growth Beaten Long-Term Trend?

    Assessing Meggitt PLC's (LSE:MGGT) past track record of performance is a valuable exercise for investors. It enables...

  • Reuters - UK Focus

    LIVE MARKETS-Closing snapshot: Another sell-off after Black Monday

    You can share your thoughts with Thyagaraju Adinarayan (thyagaraju.adinarayan@tr.com), Joice Alves (joice.alves@tr.com), Julien Ponthus (julien.ponthus@tr.com) in London and Danilo Masoni (danilo.masoni@tr.com) in Milan. After a Black Monday that wiped nearly $474 billion off the value of European stock markets, shares in the region suffered more heavy losses. The STOXX 600 plunged to its lowest since December 11, ending down 1.8% and after losing 3.8% in the previous session.

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