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Meggitt plc 11.8% Potential Upside Indicated by Goldman Sachs

Meggitt plc using EPIC/TICKER code (LON:MGGT) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘NEUTRAL’ today by analysts at Goldman Sachs. Meggitt plc are listed in the Industrials sector within UK Main Market. Goldman Sachs have set a target price of 592 GBX on its stock. This is indicating the analyst believes there is a potential upside of 11.8% from the opening price of 529.4 GBX. Over the last 30 and 90 trading days the company share price has increased 13 points and decreased 24.8 points respectively. The 52 week high for the stock is 583.8 GBX while the year low stock price is currently 410.01 GBX.

Meggitt plc has a 50 day moving average of 528.63 GBX and a 200 day moving average of 527.50. There are currently 776,938,396 shares in issue with the average daily volume traded being 2,059,926. Market capitalisation for LON:MGGT is £4,085,141,991 GBP.