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Meggitt plc 16.9% 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 ‘BUY’ this morning 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 711 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 16.9% from today’s opening price of 608.4 GBX. Over the last 30 and 90 trading days the company share price has increased 79.6 points and increased 73.6 points respectively. The 1 year high stock price is 615.8 GBX while the 52 week low for the stock is 410.01 GBX.

Meggitt plc has a 50 day moving average of 543.76 GBX and the 200 Day Moving Average price is recorded at 526.53. There are currently 776,954,274 shares in issue with the average daily volume traded being 2,093,654. Market capitalisation for LON:MGGT is £4,754,960,156 GBP.