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Meggitt 17% Potential Upside Indicated by Goldman Sachs

Meggitt using EPIC/TICKER code (LON:MGGT) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ this morning by analysts at Goldman Sachs. Meggitt are listed in the Industrials sector within UK Main Market. Goldman Sachs have set a target price of 736 GBX on its stock. This is indicating the analyst believes there is a potential upside of 17.0% from today’s opening price of 629.2 GBX. Over the last 30 and 90 trading days the company share price has increased 32 points and increased 21.2 points respectively. The 52 week high for the stock is 646.6 GBX while the year low share price is currently 456.1 GBX.

Meggitt has a 50 day moving average of 629.27 GBX and a 200 day moving average of 569.20. There are currently 777,328,712 shares in issue with the average daily volume traded being 2,117,866. Market capitalisation for LON:MGGT is £4,931,373,538 GBP.