Meggitt plc with EPIC/TICKER LON:MGGT had its stock rating noted as ‘Reiteration’ with the recommendation being set at ‘NEUTRAL’ this morning by analysts at Citigroup. Meggitt plc are listed in the Industrials sector within UK Main Market. Citigroup have set a target price of 430 GBX on its stock. This indicates the analyst now believes there is a potential upside of 50.1% from the opening price of 286.5 GBX. Over the last 30 and 90 trading days the company share price has increased 1.6 points and decreased 13.3 points respectively.
Meggitt plc LON:MGGT has a 50 day moving average of 296.07 GBX and a 200 Day Moving Average share price is recorded at 335.42The 52 week high for the share price is currently at 701.8 GBX while the 52 week low is 196.15 GBX. There are currently 780,705,192 shares in issue with the average daily volume traded being 4,946,492. Market capitalisation for LON:MGGT is £2,191,439,569 GBP.
Meggitt plc 50.1% Potential Upside Indicated by Citigroup
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- Written by: Charlotte Edwards
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