Melrose Industries (MRO) Stock Rating Reaffirmed by Deutsche Bank
Melrose Industries (LON:MRO)‘s stock had its “hold” rating restated by research analysts at Deutsche Bank in a note issued to investors on Friday.
Other research analysts have also recently issued reports about the company. Peel Hunt reaffirmed a “buy” rating and issued a GBX 240 ($3.32) price target on shares of Melrose Industries in a report on Wednesday, January 17th. Numis Securities reaffirmed a “buy” rating and issued a GBX 250 ($3.45) price target on shares of Melrose Industries in a report on Wednesday, February 14th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 260 ($3.59) price target on shares of Melrose Industries in a report on Friday, January 12th. Royal Bank of Canada cut their price target on Melrose Industries from GBX 240 ($3.32) to GBX 235 ($3.25) and set an “outperform” rating for the company in a report on Friday, November 24th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 250 ($3.45) price target on shares of Melrose Industries in a report on Friday, January 5th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of GBX 258.50 ($3.57).
Melrose Industries (LON MRO) opened at GBX 219.60 ($3.03) on Friday. Melrose Industries has a twelve month low of GBX 2.13 ($0.03) and a twelve month high of GBX 261.90 ($3.62).
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.
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