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Meggitt plc 12.7% Potential Decrease Indicated by Credit Suisse

Meggitt plc with EPIC/TICKER (LON:MGGT) has had its stock rating noted as ‘Retains’ with the recommendation being set at ‘UNDERPERFORM’ today by analysts at Credit Suisse. Meggitt plc are listed in the Industrials sector within UK Main Market. Credit Suisse have set a target price of 465 GBX on its stock. This now indicates the analyst believes there is a potential downside of -12.7% from today’s opening price of 532.6 GBX. Over the last 30 and 90 trading days the company share price has increased 4.6 points and increased 31.2 points respectively. The 52 week high share price is 583.8 GBX while the year low share price is currently 410.01 GBX.

Meggitt plc has a 50 day moving average of 520.89 GBX and the 200 Day Moving Average price is recorded at 528.82. There are currently 776,905,751 shares in issue with the average daily volume traded being 2,059,816. Market capitalisation for LON:MGGT is £4,157,999,674 GBP.

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