Melrose Industries (LON:MRO) Price Target Raised to GBX 750

Melrose Industries (LON:MRO) had its price objective boosted by JPMorgan Chase & Co. from GBX 600 to GBX 750 in a report published on Monday, MarketBeat.com reports. The firm currently has an overweight rating on the stock.

Several other research firms have also recently weighed in on MRO. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 650 price objective on shares of Melrose Industries in a research report on Friday, August 1st. Peel Hunt reaffirmed a “buy” rating and set a GBX 750 target price on shares of Melrose Industries in a report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Melrose Industries from GBX 585 to GBX 620 and gave the stock a “hold” rating in a research report on Monday, September 8th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 692.50.

Melrose Industries Price Performance

Melrose Industries stock opened at GBX 597.80 on Monday. The business’s fifty day moving average is GBX 616.34 and its two-hundred day moving average is GBX 556.24. 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 has a market cap of £7.54 billion, a P/E ratio of 24.30, a P/E/G ratio of 0.48 and a beta of 1.51. Melrose Industries has a 52 week low of GBX 376 and a 52 week high of GBX 682.60.

Insider Buying and Selling

In other Melrose Industries news, insider Guy Hachey bought 27,000 shares of Melrose Industries stock in a transaction dated Tuesday, September 9th. The stock was purchased at an average price of GBX 611 per share, for a total transaction of £164,970. 2.41% of the stock is currently owned by company 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.