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Meggitt PLC (LON:MGGT) target price raised to 600.00GBX, issued a report today by JP Morgan Cazenove

Meggitt PLC (LON:MGGT) had its target price raised to 600.00GBX by JP Morgan Cazenove in a report released 08/23/2017. The new target price indicates a possible upside of 0.17% based on the company's last closing price.

Previously on 8/7/2017, Barclays Capital reported on Meggitt PLC (LON:MGGT) held steady the target price at 540.00GBX. At the time, this indicated a possible upside of 0.07%.

Yesterday Meggitt PLC (LON:MGGT) traded 2.61% higher at 511.25GBX. The company’s 50-day moving average is 495.42GBX and its 200-day moving average is 472.05GBX. The last closing price is up 8.15% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time. 451,033 shares of the stock were exchanged, down from an average trading volume of 2,154,090

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Meggitt PLC (LON:MGGT)

Meggitt PLC has a 52 week low of 407.40GBX and a 52 week high of 517.50GBX with a P/E ratio of 13.61 The company’s market cap is currently 0 GBX.

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

General Information 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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