Melrose Industries PLC (LON:MRO – Get Free Report) insider Guy Hachey bought 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was acquired at an average price of GBX 449 per share, for a total transaction of £80,820.
Melrose Industries Trading Up 1.1%
Melrose Industries stock traded up GBX 5.14 during trading hours on Monday, reaching GBX 465.50. The stock had a trading volume of 6,574,151 shares, compared to its average volume of 38,415,855. The company has a fifty day simple moving average of GBX 497.86 and a 200-day simple moving average of GBX 555.65. Melrose Industries PLC has a 52 week low of GBX 443.36 and a 52 week high of GBX 685. The stock has a market cap of £5.80 billion, a PE ratio of 16.05, a PEG ratio of 0.48 and a beta of 0.86. The company has a debt-to-equity ratio of 67.32, a current ratio of 0.98 and a quick ratio of 0.45.
Wall Street Analyst Weigh In
Separately, Deutsche Bank Aktiengesellschaft reduced their price target on Melrose Industries from GBX 620 to GBX 570 and set a “hold” rating on the stock in a report on Monday, March 23rd. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 680.
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.
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