Melrose Industries (LON:MRO) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Melrose Industries PLC (LON:MRO)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 604.88 and traded as high as GBX 676.80. Melrose Industries shares last traded at GBX 668.54, with a volume of 4,685,953 shares.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. boosted their target price on Melrose Industries from GBX 600 to GBX 750 and gave the stock an “overweight” rating in a report on Monday, November 17th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 692.50.

Melrose Industries Stock Performance

The stock’s 50 day simple moving average is GBX 611.29 and its two-hundred day simple moving average is GBX 605.81. The company has a market capitalization of £8.48 billion, a P/E ratio of 27.48, a P/E/G ratio of 0.48 and a beta of 1.51. The company has a debt-to-equity ratio of 44.03, a current ratio of 0.86 and a quick ratio of 0.45.

Melrose Industries Company Profile

Melrose Industries PLC, together with its subsidiaries, provides aerospace components and systems to civil and defence markets in the United Kingdom, rest of Europe, North America, and internationally. The company operates through two segments, Engines and Structures. The Engines segment offers structural engineered components; parts repair; and commercial and aftermarket contracts to engines original equipment manufacturers. The Structures segment provides civil and defence air frames, including lightweight composite and metallic structures; and electrical distribution systems and components to airframe original equipment manufacturers.