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Meggitt plc 9.6% Potential Upside Indicated by JP Morgan Cazenove

Meggitt plc using EPIC/TICKER code (LON:MGGT) has had its stock rating noted as ‘Downgrades’ with the recommendation being set at ‘NEUTRAL’ this morning by analysts at JP Morgan Cazenove. Meggitt plc are listed in the Industrials sector within UK Main Market. JP Morgan Cazenove have set their target price at 580 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 9.6% from today’s opening price of 529.4 GBX. Over the last 30 and 90 trading days the company share price has increased 13 points and decreased 24.8 points respectively. The 1 year high stock price is 583.8 GBX while the 52 week low for the stock is 410.01 GBX.

Meggitt plc has a 50 day moving average of 528.63 GBX and a 200 Day Moving Average share price is recorded at 527.50. There are currently 776,938,396 shares in issue with the average daily volume traded being 2,059,926. Market capitalisation for LON:MGGT is £4,085,141,991 GBP.