Meggitt plc 12.4% Potential Upside Indicated by Morgan Stanley

Broker Ratings

Meggitt plc using EPIC/TICKER code (LON:MGGT) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ this morning by analysts at Morgan Stanley. Meggitt plc are listed in the Industrials sector within UK Main Market. Morgan Stanley have set a target price of 356 GBX on its stock. This would imply the analyst believes there is now a potential upside of 12.4% from the opening price of 316.8 GBX. Over the last 30 and 90 trading days the company share price has decreased 40.6 points and increased 56.8 points respectively. The 1 year high stock price is 701.8 GBX while the year low stock price is currently 196.15 GBX.

Meggitt plc has a 50 day moving average of 300.91 GBX and a 200 Day Moving Average share price is recorded at 500.55. There are currently 780,705,192 shares in issue with the average daily volume traded being 9,065,828. Market capitalisation for LON:MGGT is £2,493,572,335 GBP.

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