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Meggitt plc 10.1% Potential Upside Indicated by JP Morgan Cazenove

Meggitt plc using EPIC/TICKER code (LON:MGGT) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ today by analysts at JP Morgan Cazenove. Meggitt plc are listed in the Industrials sector within UK Main Market. JP Morgan Cazenove have set their target price at 570 GBX on its stock. This is indicating the analyst believes there is a potential upside of 10.1% from today’s opening price of 517.5 GBX. Over the last 30 and 90 trading days the company share price has increased 5.5 points and increased 25.8 points respectively. The 1 year high for the share price is 530 GBX while the 52 week low for the share price is 407.4 GBX.

Meggitt plc has a 50 day moving average of 511.32 GBX and the 200 Day Moving Average price is recorded at 479.52. There are currently 775,778,462 shares in issue with the average daily volume traded being 1,148,035. Market capitalisation for LON:MGGT is £4,026,290,218 GBP.

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