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JP Morgan Cazenove announced Meggitt PLC (LON:MGGT), boosting its stock price target to 470.00GBX today

Just yesterday Meggitt PLC (LON:MGGT) traded 0.32% higher at 465.50GBX. Meggitt PLC’s 50-day moving average is 465.29GBX and its 200-day moving average is 420.45GBX. The last stock price is up 10.60% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 269,867 shares of MGGT traded hands, down from an average trading volume of 2,435,000

In a report released on 10/10/2016 JP Morgan Cazenove increased the stock price target of Meggitt PLC (LON:MGGT) from 445.00GBX to 470.00GBX reporting a possible upside of 0.01%.

Previously on Friday October 07, 2016, Panmure Gordon released a statement about Meggitt PLC (LON:MGGT) held steady the target price at 325.00GBX. At the time, this indicated a possible downside of -0.30%.

Recent Performance Chart

Meggitt PLC (LON:MGGT)

Meggitt PLC has 52 week low of 337.60GBX and a 52 week high of 498.40GBX with a P/E ratio of 29.25 and has a market cap of 0 GBX.

In addition to JP Morgan Cazenove reporting its target price, a total of 20 firms have reported on the stock. The consensus target price is 425.60GBX with 1 firm rating the stock a strong buy, 6 firms rating the stock a buy, 11 firms rating the stock a hold, 3 firms rating the stock a underperform, and finally 1 firm rating the stock a sell.

About Meggitt PLC (LON:MGGT)

Meggitt PLC is an engineering company. The Company's segments are Meggitt Aircraft Braking Systems, Meggitt Control Systems, Meggitt Polymers & Composites, Meggitt Sensing Systems and the Meggitt Equipment Group. Its Meggitt Aircraft Braking Systems is a supplier of aircraft wheels, brakes and brake control systems. Its Meggitt Control Systems is a supplier of pneumatic, fluid control, thermal management and electro-mechanical equipment and sub-systems. Its Meggitt Polymers & Composites specializes in fuel containment and systems, sealing solutions and advanced composites. Its Meggit Sensing Systems is a provider of sensing, monitoring, power and motion systems, which specializes in products designed to operate in conditions across a range of applications. Its Meggitt Equipment Group offerings include information technology (IT), regional human resource and strategic sourcing. It provides functionality in various applications within civil aerospace, military and energy markets.

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