How to buy Meggitt shares | 324p

Own Meggitt shares in just a few minutes.

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Meggitt PLC (MGGT) is a leading aerospace & defense business based in the UK. It opened the day at 313.2p after a previous close of 305.1p. During the day the price has varied from a low of 312.5362p to a high of 331.3p. The latest price was 324p (25 minute delay). Meggitt is listed on the London Stock Exchange (LSE) and employs 12,599 staff. All prices are listed in pence sterling.

How to buy shares in Meggitt

  1. Choose a platform. If you're a beginner, our share-dealing table below can help you choose.
  2. Open your account. You'll need your ID, bank details and national insurance number.
  3. Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
  4. Search the platform for stock code: MGGT in this case.
  5. Research Meggitt shares. The platform should provide the latest information available.
  6. Buy your Meggitt shares. It's that simple.

How has Coronavirus impacted Meggitt's share price?

Since the stock market crash in March caused by coronavirus, Meggitt's share price has had significant negative movement.

Its last market close was 320p, which is 48.04% down on its pre-crash value of 615.8p and 63.14% up on the lowest point reached during the March crash when the shares fell as low as 196.15p.

If you had bought £1,000 worth of Meggitt shares at the start of February 2020, those shares would have been worth £359.56 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth £469.63.

Meggitt share price

Use our graph to track the performance of MGGT stocks over time.

Meggitt shares at a glance

Information last updated 2020-07-02.
Open313.2p
High331.3p
Low312.5362p
Close324p
Previous close305.1p
Change 18.9p
Change % 6.195%
Volume 6,773,220
Information last updated 2020-08-02.
52-week range196.15p - 701.8p
50-day moving average 286.148p
200-day moving average 381.446p
Wall St. target price577.07p
PE ratio 9.8339
Dividend yield 0.17p (2.21%)
Earnings per share (TTM) 28.3p
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Share dealing platform comparison

Table: sorted by promoted deals first
Data indicated here is updated regularly
Name Product Price per trade Frequent trader rate Platform fees Brand description
Fineco
£2.95
£2.95
Zero platform fee
Fineco Bank is good for share traders and investors looking for a complete platform and wide offer. Your first 50 trades are free with Fineco, until 30/09/2020. T&Cs apply. Capital at risk.
IG
0% commission on US shares, and £3 on UK shares
From £5
£0 - £24 per quarter
IG is good for experienced traders, and offers learning resources for beginners, all with wide access to shares, ETFs and funds. Capital at risk.
Hargreaves Lansdown Fund and Share Account
£11.95
£5.95
No fees
Hargreaves Lansdown is the UK's number one platform for private investors, with the depth of features you'd expect from an established platform. Capital at risk.
eToro Free Stocks
0% commission, no markup, no ticket fee, no management fee
N/A
Withdrawal fee & GDP to USD deposit conversion
eToro is good for social trading - letting you mirror the portfolios of other traders. Capital at risk. 0% commission but other fees may apply.
Interactive Investor
From £7.99 on the Investor Service Plan
From £7.99 on the Investor Service Plan
No transfer fees or exit fees. £9.99 a month on the Investor Service Plan
Capital at risk.
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Compare up to 4 providers

Data indicated here is updated regularly
Name Product Minimum deposit Maximum annual fee Price per trade Brand description
Hargreaves Lansdown stocks and shares ISA
£100
0.45%
£11.95
Hargreaves Lansdown is the UK's biggest wealth manager. It's got everything you'll need, from beginners to experienced investors. Capital at risk.
Interactive Investor stocks and shares ISA
£100 or £25 a month
£119.88
£7.99
Interactive Investor offers everything most investors need. Its flat fees makes it pricey for small portfolios, but cheap for big ones. Capital at risk.
Saxo Markets stocks and shares ISA
No minimum deposit requirement
0.12%
£8.00
Saxo Markets offers a wide access to a range of stocks, ETFs and funds. Capital at risk.
AJ Bell stocks and shares ISA
£500
0.25%
£9.95
AJ Bell is a good all-rounder for people who to choose between shares, funds, ISAs and pensions. Capital at risk.
Fidelity stocks and shares ISA
£1000 or a regular savings plan from £50
0.35%
£10.00
Fidelity is another good all-rounder, offering a good package at a decent price. Not suited for trading shares. Capital at risk.
Nutmeg stocks and shares ISA
£100
0.75%
£0
Nutmeg offers three types of portfolios. Choose the one that goes with your investment style. Capital at risk.
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Compare up to 4 providers

Data indicated here is updated regularly
Name Product Minimum investment Choose from Annual fee Brand description
PensionBee Pension
No minimum
7 funds
0.5% - 0.95%
Pension Bee is a newbie in the pension market. It helps consolidate your pension plans into one place. Capital at risk.
Hargreaves Lansdown Pension
£100
2,500 funds
0-0.45%
Hargreaves Lansdown is the UK's biggest wealth manager. It's got three different retirement options. Capital at risk.
Interactive Investor Pension
£25/month
Over 2,500 funds
£10/month
interactive investor is a flat-fee platform, which makes it cost effective for larger portfolios. Capital at risk.
Saxo Markets Pension
Saxo Markets Pension
£10
Over 11,000 funds
No annual fee
Saxo Markets gives flexibility and control over your investment strategy. Capital at risk.
AJ Bell Pension
£1,000
Over 2,000 funds
0.05-0.25%
AJ Bell has two different pension options, a self managed pension and one that is managed for you. Capital at risk.
Moneybox Pension
£1
3 funds
0.15% - 0.45% charged monthly
Manage your money with an easy-to-use Moneybox app. Capital at risk.
Moneyfarm Pension
Moneyfarm Pension
0.35%-0.75%
7 funds
£1,500 (initial investment)
Moneyfarm has pensions that are matched against your risk appetite, goals and planned retirement date. Capital at risk.
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Compare up to 4 providers

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. Capital is at risk.

Is it a good time to buy Meggitt stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Meggitt price performance over time

Historical closes compared with the last close of 324p

1 week (2020-08-03) N/A
1 month (2020-07-10) N/A
3 months (2020-05-10) N/A
6 months (2020-02-10) N/A
1 year (2019-08-10) N/A
2 years (2018-08-10) N/A
3 years (2017-08-10) N/A
5 years (2015-08-10) N/A

Is Meggitt under- or over-valued?

Valuing Meggitt stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Meggitt's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Meggitt's P/E ratio

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 10x. In other words, Meggitt shares trade at around 10x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the FTSE 250 at the end of September 2019 (19.71). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Meggitt's PEG ratio

Meggitt's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.3757. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

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.

Meggitt's EBITDA

Meggitt's EBITDA (earnings before interest, taxes, depreciation and amortisation) is £495 million.

The EBITDA is a measure of a Meggitt's overall financial performance and is widely used to measure a its profitability.

Meggitt financials

Revenue TTM £2.3 billion
Operating margin TTM 16.01%
Gross profit TTM £797.6 million
Return on assets TTM 4.74%
Return on equity TTM 8.99%
Profit margin 9.78%
Book value 3.172p
Market capitalisation £2.1 billion

TTM: trailing 12 months

Meggitt share dividends

60%

Dividend payout ratio: 59.72% of net profits

Recently Meggitt has paid out, on average, around 59.72% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.21% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Meggitt shareholders could enjoy a 2.21% return on their shares, in the form of dividend payments. In Meggitt's case, that would currently equate to about 0.17p per share.

Meggitt's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

The latest dividend was paid out to all shareholders who bought their shares by 19 March 2020 (the "ex-dividend date").

Meggitt share price volatility

Over the last 12 months, Meggitt's shares have ranged in value from as little as 196.15p up to 701.8p. A popular way to gauge a stock's volatility is its "beta".

MGGT.LSE volatility(beta: 0.88)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (LSE average) beta is 1, while Meggitt's is 0.8831. This would suggest that Meggitt's shares are less volatile than average (for this exchange).

Meggitt overview

Meggitt PLC designs and manufactures components and sub-systems in the United Kingdom, rest of Europe, the United States, and internationally. The company operates through four segments: Airframe Systems, Engine Systems, Energy & Equipment, and Services & Support. It offers ice protection products, radomes, and structures; air data and flight display products; brake control and tyre pressure monitoring systems, and wheels and brakes; engine health and vibration monitors, H2/O2 analyzers, and turbine monitoring and protection products; and aircraft cameras and security systems, and wireless aircraft systems. The company also provides ammunition handling, thermal, weapon scoring, and weapon training systems; energy storage, power conversion and distribution, and power generation systems; ducting systems, engine composites, and flow control valves; and fire protection and controls comprising bleed air leak detection products, cables and clamps, electronic control units, fire and overheat detection products, and fire suppression products. In addition, it offers ground fuelling, and fuel systems and tanks; motion control actuators, electric motor drives, and electric motors; oxygen and specialty restraint safety systems; and accelerometers, ceramics, fluid sensors, magnetic and current sensors, position and inertial sensors, pressure sensors, speed sensors, and temperature sensors. Further, the company provides polymer seals; heat exchangers, printed circuit heat exchangers, thermal components, and thermal management systems; and live fire and virtual trainers, as well as aftermarket services. It serves aerospace, defense, and energy and equipment markets. The company was formerly known as Meggitt Holdings Public Limited Company and changed its name to Meggitt PLC in April 1989. Meggitt PLC was founded in 1947 and is based in Christchurch, the United Kingdom.

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