Deutsche Bank Aktiengesellschaft Cuts Melrose Industries (LON:MRO) Price Target to GBX 570

Melrose Industries (LON:MRO) had its price objective decreased by Deutsche Bank Aktiengesellschaft from GBX 620 to GBX 570 in a research note published on Monday, Marketbeat reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

Melrose Industries Trading Up 1.9%

MRO opened at GBX 501.40 on Monday. Melrose Industries has a fifty-two week low of GBX 376 and a fifty-two week high of GBX 685. The company has a debt-to-equity ratio of 77.89, a current ratio of 0.98 and a quick ratio of 0.45. The firm has a market capitalization of £6.28 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 0.48 and a beta of 0.91. The company’s 50 day moving average price is GBX 594.28 and its two-hundred day moving average price is GBX 600.59.

Melrose Industries (LON:MRO) last announced its quarterly earnings results on Friday, February 27th. The company reported GBX 32.20 earnings per share (EPS) for the quarter. Melrose Industries had a net margin of 10.31% and a return on equity of 13.03%. As a group, research analysts predict that Melrose Industries will post 33.9741641 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Chris Grigg acquired 17,901 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was acquired at an average cost of GBX 540 per share, for a total transaction of £96,665.40. 2.56% of the stock is owned by insiders.

About Melrose Industries

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.