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Meggitt plc 22.7% Potential Upside Indicated by Goldman Sachs

Meggitt plc using EPIC/TICKER code (LON:MGGT) has had its stock rating noted as ‘Upgrades’ with the recommendation being set at ‘BUY’ today by analysts at Goldman Sachs. Meggitt plc are listed in the Industrials sector within UK Main Market. Goldman Sachs have set their target price at 662 GBX on its stock. This indicates the analyst now believes there is a potential upside of 22.7% from today’s opening price of 539.4 GBX. Over the last 30 and 90 trading days the company share price has increased 21.4 points and increased 14.2 points respectively. The 52 week high share price is 583.8 GBX while the 52 week low is 410.01 GBX.

Meggitt plc has a 50 day moving average of 524.91 GBX and a 200 Day Moving Average share price is recorded at 521.60. There are currently 125,398,004 shares in issue with the average daily volume traded being 1,922,174. Market capitalisation for LON:MGGT is £4,198,657,384 GBP.