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Meggitt plc 21% Potential Upside Indicated by Barclays Capital

Meggitt plc with EPIC/TICKER LON:MGGT had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ this morning by analysts at Barclays Capital. Meggitt plc are listed in the Industrials sector within UK Main Market. Barclays Capital have set a target price of 540 GBX on its stock. This is indicating the analyst believes there is a potential upside of 21% from today’s opening price of 446.2 GBX. Over the last 30 and 90 trading days the company share price has increased 30.1 points and decreased 26.9 points respectively.

 
Meggitt plc LON:MGGT has a 50 day moving average of 441.68 GBX and a 200 day moving average of 446.92 GBX. The 1 year high for the share price is 485.1 GBX while the 52 week low for the stock is 361.8 GBX. There are currently 775,719,239 shares in issue with the average daily volume traded being 3,013,970. Market capitalisation for LON:MGGT is £3,465,913,465 GBP.

 

Meggitt plc is an engineering company. The Company’s segments are Meggitt Aircraft Braking Systems, Meggitt Control Systems, Meggitt Polymers & Composites, Meggitt Sensing Systems and the Meggitt Equipment Group. Its Meggitt Aircraft Braking Systems is a supplier of aircraft wheels, brakes and brake control systems. Its Meggitt Control Systems is a supplier of pneumatic, fluid control, thermal management and electro-mechanical equipment and sub-systems.

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