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Meggitt PLC (LON:MGGT) target price lowered to 570.00GBX, issued a report today by JP Morgan Cazenove

Meggitt PLC (LON:MGGT) had its target bumped down to 570.00GBX by JP Morgan Cazenove in an issued report announced 10/12/2017. The bumped down target suggests steady performance relative to the company's last stock close price.

Previously on 10/2/2017, Liberum Capital reported about Meggitt PLC (LON:MGGT) held steady the target price at 375.00GBX. At the time, this indicated a possible downside of -0.28%.

Yesterday Meggitt PLC (LON:MGGT) traded -0.19% lower at 0.00GBX. The company’s 50-day moving average is 510.82GBX and its 200-day moving average is 490.41GBX. The last stock close price is down 5.83% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 1,178,924 shares of the stock were exchanged, down from an average trading volume of 1,848,080

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Meggitt PLC (LON:MGGT)

Meggitt PLC has a 52 week low of 407.40GBX and a 52 week high of 530.00GBX with a P/E ratio of 13.84 The company’s market cap is currently 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 designs and manufactures high performance components and sub-systems for aerospace, defense and other specialist markets, including energy, medical, industrial, test and automotive. The Company's segments are Meggitt Aircraft Braking Systems (MABS), Meggitt Control Systems (MCS), Meggitt Polymers & Composites (MPC), Meggitt Sensing Systems (MSS) and the Meggitt Equipment Group (MEG). Its MABS supplies aircraft wheels, brakes and brake control systems. Its MCS supplies pneumatic, fluid control, thermal management and electro-mechanical equipment and sub-systems. Its MPC specializes in fuel containment and systems, sealing solutions and advanced composites. Its MSS provides sensing, monitoring, power and motion systems, which specializes in products designed to operate in demanding conditions across a range of applications. Its MEG enables a set of technologically distinct businesses to market their offerings to specialist customers.

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