Meggitt plc (LON:MGGT) announced a dividend on Tuesday, August 7th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, September 6th will be given a dividend of GBX 5.30 ($0.07) per share on Friday, September 28th. This represents a dividend yield of 0.93%. The ex-dividend date is Thursday, September 6th. The official announcement can be viewed at this link.
Meggitt stock opened at GBX 542.60 ($7.00) on Wednesday. Meggitt has a fifty-two week low of GBX 430.90 ($5.56) and a fifty-two week high of GBX 530 ($6.84).
MGGT has been the topic of several research reports. Credit Suisse Group raised their price objective on shares of Meggitt from GBX 365 ($4.71) to GBX 450 ($5.80) and gave the company an “underperform” rating in a research report on Wednesday, August 8th. Deutsche Bank lifted their target price on shares of Meggitt from GBX 482 ($6.22) to GBX 515 ($6.64) and gave the stock a “hold” rating in a research report on Friday, August 10th. Berenberg Bank upgraded shares of Meggitt to a “buy” rating in a research report on Monday, July 9th. Barclays cut shares of Meggitt to an “equal weight” rating and set a GBX 550 ($7.09) target price on the stock. in a research report on Monday, August 13th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Meggitt from GBX 630 ($8.13) to GBX 645 ($8.32) and gave the stock an “overweight” rating in a research report on Tuesday, July 3rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. Meggitt currently has a consensus rating of “Hold” and a consensus price target of GBX 520 ($6.71).
In other Meggitt news, insider Philip Ernest Green bought 272 shares of the firm’s stock in a transaction that occurred on Tuesday, August 14th. The shares were bought at an average price of GBX 551 ($7.11) per share, for a total transaction of £1,498.72 ($1,933.33). In the last quarter, insiders purchased 317 shares of company stock worth $174,661.
Meggitt Company Profile
Meggitt PLC designs and manufactures components and sub-systems for aerospace, defense, energy, medical, industrial, test, and automotive markets in the United Kingdom, rest of Europe, the United States, and internationally. It operates through Meggitt Aircraft Braking Systems, Meggitt Control Systems, Meggitt Polymers & Composites, Meggitt Sensing Systems, and Meggitt Equipment Group segments.
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