Melrose Industries (LON:MRO) Given “Outperform” Rating at Royal Bank Of Canada

Melrose Industries (LON:MRO)‘s stock had its “outperform” rating reiterated by investment analysts at Royal Bank Of Canada in a research report issued to clients and investors on Friday,London Stock Exchange reports. They presently have a GBX 800 price objective on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 70.68% from the stock’s previous close.

Melrose Industries Stock Up 7.0%

MRO stock opened at GBX 468.70 on Friday. The company has a market cap of £5.84 billion, a P/E ratio of 16.16, a price-to-earnings-growth ratio of 0.48 and a beta of 0.84. Melrose Industries has a fifty-two week low of GBX 409.90 and a fifty-two week high of GBX 685. The stock’s 50 day simple moving average is GBX 471.46 and its 200 day simple moving average is GBX 528.10. The company has a debt-to-equity ratio of 71.81, a quick ratio of 0.45 and a current ratio of 1.07.

Melrose Industries (LON:MRO) last issued its quarterly earnings data on Friday, July 31st. The company reported GBX 17.80 earnings per share (EPS) for the quarter. Melrose Industries had a net margin of 4.28% and a return on equity of 5.63%. On average, research analysts expect that Melrose Industries will post 33.9741641 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Ross McCluskey acquired 3,667 shares of the business’s stock in a transaction dated Thursday, June 25th. The stock was bought at an average cost of GBX 475 per share, for a total transaction of £17,418.25. Also, insider Guy Hachey purchased 18,000 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was purchased at an average cost of GBX 449 per share, with a total value of £80,820. Insiders have acquired a total of 63,101 shares of company stock valued at $29,444,975 over the last quarter. Company insiders own 2.59% of the company’s stock.

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.