Melrose Industries (LON:MRO) had its price objective lifted by Barclays to GBX 260 ($3.39) in a note issued to investors on Monday, September 10th. The firm presently has an “overweight” rating on the stock. Barclays’ target price points to a potential upside of 20.12% from the company’s current price.

A number of other equities research analysts also recently issued reports on MRO. Numis Securities increased their price target on shares of Melrose Industries from GBX 250 ($3.26) to GBX 280 ($3.65) and gave the stock a “buy” rating in a report on Monday, May 14th. JPMorgan Chase & Co. increased their price target on shares of Melrose Industries from GBX 250 ($3.26) to GBX 260 ($3.39) and gave the stock an “overweight” rating in a report on Monday, May 21st. Goldman Sachs Group lowered their price target on shares of Melrose Industries from GBX 380 ($4.95) to GBX 320 ($4.17) and set a “buy” rating on the stock in a report on Monday, June 18th. Peel Hunt reissued a “buy” rating and issued a GBX 240 ($3.13) price target on shares of Melrose Industries in a report on Monday, June 25th. Finally, Liberum Capital increased their price target on shares of Melrose Industries to GBX 240 ($3.13) and gave the stock a “buy” rating in a report on Monday, July 2nd. Nine analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of GBX 266.67 ($3.47).

Shares of LON:MRO opened at GBX 216.45 ($2.82) on Monday. Melrose Industries has a twelve month low of GBX 2.13 ($0.03) and a twelve month high of GBX 261.90 ($3.41).

Melrose Industries (LON:MRO) last announced its quarterly earnings results on Thursday, September 6th. The company reported GBX 5.80 ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of GBX 4.40 ($0.06) by GBX 1.40 ($0.02). Melrose Industries had a negative net margin of 4.58% and a negative return on equity of 4.75%.

About Melrose Industries

Melrose Industries PLC, together with its subsidiaries, designs and manufactures electricity generating equipment for the power generation, industrial, oil and gas, and offshore sectors in the United Kingdom, Europe, North America, and internationally. It operates through four segments: Energy, Air Management, Security & Smart Technology, and Ergonomics.

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Analyst Recommendations for Melrose Industries (LON:MRO)

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