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Meggitt PLC Ord 5P (MGGT)

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04-Aug-2022 09:28 AM

TOP NEWS: Meggitt records higher interim revenue; takeover on track

Meggitt PLC on Thursday reported a sharp increase in half-year revenue, due to a good performance by its Civil Original Equipment and Energy business. In addition, it said that its takeover by Parker-Hannifin Corp remains on track. The
19-Jul-2022 07:39 PM

UK business secretary signs off on Meggitt-Parker Hannifin acquisition

UK Secretary of State for Business, Energy & Industrial Strategy Kwasi Kwarteng on Tuesday announced he has cleared the acquisition of defence contractor Meggitt PLC by Parker-Hannifin Corp. In recent months, Parker-Hannifin, a Cleveland,
29-Jun-2022 08:59 AM

TOP NEWS: Meggitt takeover by Parker-Hannifin closer to UK approval

Parker-Hannifin Corp on Wednesday said UK Secretary of State for Business, Energy & Industrial Strategy Kwasi Kwarteng is ‘minded to accept’ its proposed undertakings on competition and national security matters to allow its acquisition
23-May-2022 12:50 PM

Parker-Hannifin sells Wheel business as part of Meggitt takeover

Parker-Hannifin Corp on Monday announced it is selling its US Aircraft Wheel & Brake Division to fulfil a takeover condition set by the EU to buy UK aerospace components maker Meggitt PLC. The announcement comes a month after Parker-Hannifi
21-Apr-2022 09:54 AM

TOP NEWS: Meggitt says civil aerospace market recovery ‘uneven’

Meggitt PLC on Thursday said its first quarter revenue climbed, though it remains below pre-pandemic levels amid a bumpy recovery in the civil aerospace market. The Coventry, England-based aerospace components maker said revenue in the first q
13-Apr-2022 09:14 AM

IN BRIEF: Meggitt sells unit to CTS Ceramics Denmark for £59 million

Meggitt PLC - Coventry, England-based aerospace components maker - Sells Meggitt AS, a manufacturer of high performance piezoelectric ceramic components for medical and industrial applications, to CTS Ceramics Denmark AS for £59 million. ‘Th
11-Apr-2022 06:27 PM

Meggitt takeover by Parker-Hannifin receives conditional EU approval

(Alliance News) Parker-Hannifin Corp announced on Monday its proposed £6.3 billion takeover of Meggitt PLC has been cleared by European regulatory authorities. Parker-Hannifin said the acquisition of Coventry, England-based aerospace co
03-Mar-2022 10:50 AM

TOP NEWS: Meggitt returns to annual profit but dividends still on hold

Meggitt PLC on Thursday saw a rebound in 2021 with a swing to profit helped by reduced costs, while dividends were still on hold due to its takeover by Parker-Hannifin Corp. Meggitt shares were down 0.2% to 762.40 pence each in London.
29-Apr-2021 09:35 AM

Meggitt sees fall in Q1 revenue as Covid-19 hits profit performance

Meggitt has announced a 29% fall in group revenue for Q1 when compared with the same period last year, although admitted it is a 'sequential improvement on Q4 2020, where revenue was down 35%'. In civil aerospace, both original equipment and af
04-Mar-2021 09:07 AM

Covid-19 crisis hits Meggitt's 2020 revenues

International engineering company, Meggitt, has seen its 2020 group revenue plunge 22% to £1,684 million - a direct result of the impact Covid-19 has had on the civil aerospace sector. Underlying operating profit was 53% lower at £191 milli
10-Nov-2020 08:01 AM

Meggitt's revenue improves in Q3; predicts £200m profit for 2020

Producer of components for aerospace, defence and energy, Meggitt, saw its top line performance slightly improve during the third quarter despite conditions in the global civil aerospace sector remaining weak. Revenue was down 25% in the period compared
08-Sep-2020 07:16 AM

Meggitt swings to deep loss, scraps dividend as pandemic hits airline sector

Component supplier to the aerospace, defence and energy sectors Meggitt swung to a first-half loss after the Covid-19 crisis devastated the commercial airline sector. Pre-tax losses for the six months through June amounted to £368m, compared to a p
27-Jul-2020 02:20 PM

Broker Forecast - JP Morgan Cazenove issues a broker note on Meggitt PLC

JP Morgan Cazenove today reaffirms its neutral investment rating on Meggitt PLC (LON:MGGT) and raised its price target to 305p (from 285p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
07-Jul-2020 11:40 AM

Broker Forecast - Morgan Stanley issues a broker note on Meggitt PLC

Morgan Stanley today reaffirms its overweight investment rating on Meggitt PLC (LON:MGGT) and cut its price target to 356p (from 382p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
03-Jul-2020 02:30 PM

Broker Forecast - Berenberg issues a broker note on Meggitt PLC

Berenberg today reaffirms its hold investment rating on Meggitt PLC (LON:MGGT) and raised its price target to 345p (from 295p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
03-Jul-2020 10:20 AM

Broker Forecast - JP Morgan Cazenove issues a broker note on Meggitt PLC

JP Morgan Cazenove today reaffirms its neutral investment rating on Meggitt PLC (LON:MGGT) and raised its price target to 285p (from 265p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
02-Jul-2020 08:14 AM

Meggitt warns of hit to first-half group revenue following 'significant decline' in civil aerospace

Component supplier to the defence and aerospace sectors Meggitt said that group revenue in the first half of the year is expected to be approximately 15% lower than in the same period a year earlier on an organic basis, with growth in its defence business
29-Jun-2020 08:40 AM

Broker Forecast - JP Morgan Cazenove issues a broker note on Meggitt PLC

JP Morgan Cazenove today reaffirms its neutral investment rating on Meggitt PLC (LON:MGGT) and cut its price target to 265p (from 275p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
22-Jun-2020 07:56 AM

Meggitt delays first-half results release until 8 September

Component supplier to the aerospace and defence industries Meggitt said it would publish its first-half results on 8 September. The delay in publishing the results owed to the Covid-19 pandemic causing practical disruptions to the preparation process. M
12-Jun-2020 10:20 AM

Broker Forecast - Goldman Sachs issues a broker note on Meggitt PLC

Goldman Sachs today reaffirms its neutral investment rating on Meggitt PLC (LON:MGGT) and cut its price target to 314p (from 342p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
03-Jun-2020 11:40 AM

Broker Forecast - Jefferies International issues a broker note on Meggitt PLC

Jefferies International today reaffirms its buy investment rating on Meggitt PLC (LON:MGGT) and cut its price target to 375p (from 635p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
07-May-2020 09:20 AM

Broker Forecast - JP Morgan Cazenove issues a broker note on Meggitt PLC

JP Morgan Cazenove today reaffirms its neutral investment rating on Meggitt PLC (LON:MGGT) and cut its price target to 275p (from 305p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
05-May-2020 11:00 AM

Broker Forecast - Credit Suisse issues a broker note on Meggitt PLC

Credit Suisse today reaffirms its underperform investment rating on Meggitt PLC (LON:MGGT) and cut its price target to 240p (from 270p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
29-Apr-2020 02:50 PM

Broker Forecast - Goldman Sachs issues a broker note on Meggitt PLC

Goldman Sachs today reaffirms its neutral investment rating on Meggitt PLC (LON:MGGT) and cut its price target to 342p (from 415p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...
24-Apr-2020 11:20 AM

Broker Forecast - Berenberg issues a broker note on Meggitt PLC

Berenberg today reaffirms its hold investment rating on Meggitt PLC (LON:MGGT) and cut its price target to 295p (from 340p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk...

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