Guy Hachey Acquires 27,000 Shares of Melrose Industries (LON:MRO) Stock

Melrose Industries PLC (LON:MRO) insider Guy Hachey acquired 27,000 shares of the company’s stock in a transaction dated Tuesday, September 9th. The shares were acquired at an average price of GBX 611 per share, for a total transaction of £164,970.

Melrose Industries Price Performance

LON MRO opened at GBX 601.40 on Wednesday. The company has a debt-to-equity ratio of 44.03, a quick ratio of 0.45 and a current ratio of 0.86. The firm’s 50 day moving average price is GBX 560.27 and its 200-day moving average price is GBX 510.57. Melrose Industries PLC has a 52-week low of GBX 376 and a 52-week high of GBX 682.60. The company has a market cap of £7.61 billion, a PE ratio of 2,444.72, a P/E/G ratio of 0.48 and a beta of 1.51.

Melrose Industries (LON:MRO) last released its quarterly earnings data on Friday, August 1st. The company reported GBX 15.20 earnings per share (EPS) for the quarter. Melrose Industries had a negative net margin of 1.13% and a negative return on equity of 1.18%. Sell-side analysts forecast that Melrose Industries PLC will post 33.9741641 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on MRO. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 600 price target on shares of Melrose Industries in a report on Wednesday, July 2nd. Deutsche Bank Aktiengesellschaft raised their target price on shares of Melrose Industries from GBX 585 to GBX 620 and gave the stock a “hold” rating in a report on Monday. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 650 target price on shares of Melrose Industries in a report on Friday, August 1st. Finally, Peel Hunt reissued a “buy” rating and set a GBX 750 target price on shares of Melrose Industries in a report on Friday, August 1st. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Melrose Industries presently has an average rating of “Moderate Buy” and an average price target of GBX 655.

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.