Peel Hunt reaffirmed their buy rating on shares of Melrose Industries (LON:MRO) in a research report released on Monday morning. Peel Hunt currently has a GBX 240 ($3.32) target price on the stock.

Several other research analysts have also weighed in on the company. Liberum Capital reissued a buy rating and issued a GBX 260 ($3.59) price objective on shares of Melrose Industries in a research report on Monday. Numis Securities reissued a buy rating and issued a GBX 250 ($3.45) price objective on shares of Melrose Industries in a research report on Wednesday, February 21st. Deutsche Bank reissued a hold rating and issued a GBX 220 ($3.04) price objective on shares of Melrose Industries in a research report on Monday, January 15th. Finally, JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 250 ($3.45) price objective on shares of Melrose Industries in a research report on Friday, January 5th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Melrose Industries has an average rating of Buy and an average target price of GBX 258.50 ($3.57).

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Melrose Industries stock opened at GBX 218.98 ($3.03) on Monday. Melrose Industries has a 12-month low of GBX 2.13 ($0.03) and a 12-month high of GBX 261.90 ($3.62).

The company also recently announced a dividend, which will be paid on Monday, May 21st. Stockholders of record on Thursday, April 5th will be paid a GBX 2.80 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, April 5th. This is an increase from Melrose Industries’s previous dividend of $1.40. This represents a dividend yield of 1.23%.

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Melrose Industries Company Profile

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.

Analyst Recommendations for Melrose Industries (LON:MRO)

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