Liberum Capital Reaffirms Buy Rating for Melrose Industries (MRO)
Liberum Capital reaffirmed their buy rating on shares of Melrose Industries (LON:MRO) in a research note issued to investors on Thursday morning. They currently have a GBX 260 ($3.65) target price on the stock.
MRO has been the topic of a number of other reports. Peel Hunt reissued a buy rating and issued a GBX 240 ($3.37) price objective on shares of Melrose Industries in a research note on Tuesday, October 31st. JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 250 ($3.51) price objective on shares of Melrose Industries in a research note on Wednesday, November 22nd. Deutsche Bank reissued a hold rating and issued a GBX 220 ($3.09) price objective on shares of Melrose Industries in a research note on Monday, January 15th. Numis Securities reissued a buy rating and issued a GBX 250 ($3.51) price objective on shares of Melrose Industries in a research note on Thursday, January 4th. Finally, Royal Bank of Canada dropped their price objective on Melrose Industries from GBX 240 ($3.37) to GBX 235 ($3.30) and set an outperform rating on the stock in a research note on Friday, November 24th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Melrose Industries currently has an average rating of Buy and a consensus target price of GBX 258.64 ($3.63).
Melrose Industries (LON MRO) opened at GBX 220.30 ($3.09) on Thursday. Melrose Industries has a 52 week low of GBX 2.13 ($0.03) and a 52 week high of GBX 261.90 ($3.68).
Melrose Industries PLC is a United Kingdom-based company that is engaged in buying manufacturing businesses. The Company’s businesses include Nortek and Brush Turbogenerators. It operates through four segments: Energy, which includes the Brush business that is engaged in supplying energy industrial products; Air Management, which includes the Air Quality & Home Solutions business that manufactures ventilation products and the Heating, Ventilation & Air Conditioning business that manufactures and sells split-system and packaged air conditioners, heat pumps, furnaces, air handlers and parts; Security and Smart Technology, which includes the Security & Control business along with the Core Brands and GTO Access Systems businesses; Ergonomics, which includes the Ergotron business that manufactures and distributes products designed with ergonomic features including wall mounts, carts, arms, desk mounts, and stands that attach to or support display devices.
Receive News & Ratings for Melrose Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Melrose Industries and related companies with MarketBeat.com's FREE daily email newsletter.