Meggitt (MGGT)

Sector:

Defense and Aeronautics

Index:

FTSE 100

281.50p
   
  • Change Today:
      13.10p
  • 52 Week High: 697.40
  • 52 Week Low: 217.00
  • Currency: UK Pounds
  • Shares Issued: 777.57m
  • Volume: 6,033,361
  • Market Cap: £2,188.86m
  • RiskGrade: 637

FTSE 250 movers: Ultra Electronics jumps, Funding Circle stumbles

By Duncan Ferris

Date: Wednesday 07 Aug 2019

LONDON (ShareCast) - (Sharecast News) - London\'s FTSE 250 was up 0.25% at 18,893.12 in afternoon trade on Wednesday, as Ultra Electronics led the index higher.
The defence and aerospace contractor led the risers as it posted a 6.7% jump in first-half pre-tax profit, thanks in part to strong US defence spend.

Hill & Smith also racked up gains as the infrastructure products supplier said a strong performance in the UK and US helped to drive a rise in interim profits.

Co-work and workspace operator IWG rose after launching a share buyback programme, while Meggitt continued to rise the day after it delivered better than expected half-year topline growth on the back of \"robust\" growth in both civil original equipment and defence, and after guiding higher for full-year sales.

PageGroup climbed after it reported interim profit and revenue growth on the back of increased hiring from Europe, the Middle East and Africa.

Funding Circle led the fallers, while Sirius Minerals followed close behind as analysts at Berenberg downgraded the agrochemicals outfit from \'buy\' to \'hold\' a day after Sirius shares plunged when it pulled its $500m bond sale, which needs to be completed before the end of September for the company to access its $2.5bn revolving credit facility.

\"As outlined in the financing package, there is no guarantee that alternative methods of financing can be secured, and as such the company could again run into cash flow issues. With the deadline for completion now drawing closer, the risk is now too high to argue that Sirius Minerals\' shares currently represent an attractive investment,\" said analysts.

Finally, Premier Oil, Wood Group and Hunting all spilled lower as the US Energy Information Administration has cut its Brent spot price forecast to $64 per barrel in the second half of the year as US-China trade war confusion continues to stoke fears about demand.

Market Movers

FTSE 250 (MCX) 18,893.12 0.25%


FTSE 250 - Risers

Ultra Electronics Holdings (ULE) 2,038.00p 9.81%
Hill & Smith Holdings (HILS) 1,139.00p 8.58%
IWG (IWG) 395.10p 6.78%
Rank Group (RNK) 160.20p 5.39%
Sports Direct International (SPD) 229.80p 4.36%
Meggitt (MGGT) 608.00p 3.37%
Pagegroup (PAGE) 454.20p 3.18%
Spirent Communications (SPT) 169.20p 2.67%
Centamin (DI) (CEY) 136.80p 2.55%
Pantheon International (PIN) 2,245.00p 2.51%

FTSE 250 - Fallers

Funding Circle Holdings (FCH) 97.05p -9.30%
Sirius Minerals (SXX) 9.60p -7.71%
Premier Oil (PMO) 68.96p -3.88%
Amigo Holdings (AMGO) 140.40p -3.84%
Ferrexpo (FXPO) 222.26p -3.70%
Wood Group (John) (WG.) 458.80p -3.49%
Edinburgh Inv Trust (EDIN) 544.00p -3.37%
Senior (SNR) 193.80p -3.10%
Hunting (HTG) 429.00p -2.85%
Aston Martin Lagonda Global Holdings (AML) 454.50p -2.78%

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Meggitt Market Data

Currency UK Pounds
Share Price 281.50p
Change Today 13.10p
% Change 4.88 %
52 Week High 697.40
52 Week Low 217.00
Volume 6,033,361
Shares Issued 777.57m
Market Cap £2,188.86m
RiskGrade 637

Meggitt Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
57.65% above the market average57.65% above the market average57.65% above the market average57.65% above the market average57.65% above the market average
84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average
Price Trend
60.35% below the market average60.35% below the market average60.35% below the market average60.35% below the market average60.35% below the market average
53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average
Income
67.47% above the market average67.47% above the market average67.47% above the market average67.47% above the market average67.47% above the market average
80.00% above the sector average80.00% above the sector average80.00% above the sector average80.00% above the sector average80.00% above the sector average
Growth
4.97% above the market average4.97% above the market average4.97% above the market average4.97% above the market average4.97% above the market average
23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average

What The Brokers Say

Strong Buy 8
Buy 0
Neutral 8
Sell 0
Strong Sell 4
Total 20
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Meggitt Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Sep-19 21-Mar-19
Paid 04-Oct-19 03-May-19
Amount 5.55p 11.35p

Trades for 09-Apr-2020

Time Volume / Share Price
17:05 7,200 @ 282.56p
16:35 1,987,993 @ 281.50p
16:29 60 @ 283.40p
16:29 7 @ 282.40p
16:29 270 @ 282.70p

Meggitt Key Personnel

CEO Tony Wood

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