Meggitt plc 2.8% potential upside indicated by JP Morgan

Broker Ratings

Meggitt plc with ticker (LON:MGGT) now has a potential upside of 2.8% according to JP Morgan.

JP Morgan set a target price of 800 GBX for the company, which when compared to the Meggitt plc share price of 778 GBX at opening today (26/05/2022) indicates a potential upside of 2.8%. Trading has ranged between 392 (52 week low) and 846 (52 week high) with an average of 2,320,273 shares exchanging hands daily. The market capitalisation at the time of writing is £6,076,657,216.

Meggitt PLC (Meggitt) is an engineering company. The Company specializing in high performance components and sub-systems for the aerospace, defense and selected energy markets. The Group manages its businesses under four customer-aligned divisions: Airframe Systems, Engine Systems, Energy & Equipment and Services & Support. Its Airframe Systems provides Braking Systems, Fire Protection & Safety Systems, Power & Motion, Fuel Systems, Avionics & Sensors and Polymer Seals. Its Engine Systems provides range of technologies and sensor applications, including vibration monitoring and engine health management systems. It also provides aero-engine heat exchangers, flow control and advanced engine composites. Its Energy & Equipment provides a range of valves, actuators, sensor and condition monitoring systems for oil and gas applications. Its other segment provides a full service aftermarket offering, such as spares distribution and MRO to its commercial, business jet and defense customer.

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