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Meggitt PLC (MGGT) is a publicly traded aerospace &â defence business based in the UK which employs around 9,250 staff. Meggitt is listed on the London Stock Exchange (LSE) and traded in sterling.
How to buy shares in Meggitt
- Choose a platform. If you're a beginner, our share trading platform picks below can help you choose.
- Open your account. Provide your personal information and sign up.
- Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
- Search the platform for stock code: MGGT in this case.
- Research shares. The platform should provide the latest information available.
- Buy your shares. Place a market order or limit order with your preferred number of shares. It's that simple.
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All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
Alternative ways to invest in Meggitt
Buying shares in just one company is generally considered a riskier bet than investing in a range of investments - AKA a "diversified portfolio". Experts generally recommend holding a mix of investments in specific assets and funds. Funds are ready-made portfolios of multiple companies' shares (potentially including Meggitt), and the idea is that drops in the value of one constituent company's share price might be offset by rises in others.
Meggitt is a major part of the London stock exchange, so it's included in many global funds and investment trusts, as well as tracker-style exchange traded funds (ETFs).
Icon | Fund | 5-year performance | 1-year performance (to October 2023) | Link to invest |
---|---|---|---|---|
Vanguard FTSE 250 UCITS ETF Distributing (VMID) | 1.77% | -0.53% | Capital at risk | |
Invesco FTSE 250 UCITS ETF (S250) | 1.20% | -0.66% | Capital at risk | |
Xtrackers FTSE 250 UCITS ETF 1D (XMCX) | 1.08% | -0.67% | Capital at risk | |
HSBC FTSE 250 UCITS ETF GBP (HMCX) | 0.22% | -0.74% | Capital at risk | |
iShares FTSE 250 UCITS ETF (MIDD) | 0.16% | -0.78% | Invest with eToroCapital at risk |
All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
Is it a good time to buy Meggitt stock?
Only you can make the decision on the time to leap... but here's some supporting information and analysis.
The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.
Finder might not agree with the analysis and we take no responsibility. We also give no representations or warranty on the accuracy or completeness of the information provided on this page.
- Start investing from $50
- Pay no stamp duty on UK shares
- Commission-free trading. Other fees may apply.
All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
Is Meggitt under- or over-valued?
Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the Meggitt P/E ratio, PEG ratio and EBITDA
Meggitt's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 799x. In other words, Meggitt shares trade at around 799x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the United Kingdom stock market as of 09 November, 2023 (10). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
However, Meggitt's P/E ratio is best considered in relation to those of others within the industry or those of similar companies.
- BAE Systems (BAESY.US): 21.69
- Rolls-Royce (RR.LSE): 13.57
Meggitt's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.23. A PEG ratio over 1 can be interpreted as meaning shares are overvalued at the current rate of growth, or may anticipate an acceleration in growth.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Meggitt's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
However, it's sensible to consider Meggitt's PEG ratio in relation to those of similar companies.
- BAE Systems (BAESY.US): 3.74
- Rolls-Royce (RR.LSE): 0.26
Meggitt's EBITDA (earnings before interest, taxes, depreciation and amortisation) is £220.4 million.
The EBITDA is a measure of a Meggitt's overall financial performance and is widely used to measure a its profitability.
To put that into context you can compare it against similar companies.
- BAE Systems (BAESY.US): USD$2.8 billion
- Rolls-Royce (RR.LSE): £2.3 billion
- Leonardo (0ONG.LSE): EUR€1.7 billion
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Frequently asked questions
All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
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