Home » Reports » Meggitt plc 12% Potential Decrease Indicated by JP Morgan Cazenove

Meggitt plc 12% Potential Decrease Indicated by JP Morgan Cazenove

Meggitt plc with EPIC/TICKER (LON:MGGT) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘NEUTRAL’ today by analysts at JP Morgan Cazenove. Meggitt plc are listed in the Industrials sector within UK Main Market. JP Morgan Cazenove have set a target price of 285 GBX on its stock. This now indicates the analyst believes there is a potential downside of -12.0% from today’s opening price of 324 GBX. Over the last 30 and 90 trading days the company share price has decreased 6.1 points and increased 98 points respectively. The 52 week high for the share price is currently at 701.8 GBX while the year low share price is currently 196.15 GBX.

Meggitt plc has a 50 day moving average of 298.13 GBX and a 200 Day Moving Average share price is recorded at 503.81. There are currently 1,372,732,539 shares in issue with the average daily volume traded being 8,949,528. Market capitalisation for LON:MGGT is £2,405,352,744 GBP.

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