Melrose Industries PLC (LON:MRO) had its price target reduced by analysts at Royal Bank Of Canada from GBX 240 ($3.16) to GBX 235 ($3.09) in a research note issued on Friday. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 16.51% from the company’s current price.

Other equities analysts have also issued research reports about the stock. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 250 ($3.29) price target on shares of Melrose Industries in a report on Wednesday. Barclays PLC reissued an “overweight” rating and issued a GBX 255 ($3.35) price target on shares of Melrose Industries in a report on Thursday, August 17th. Deutsche Bank AG reissued a “hold” rating and issued a GBX 220 ($2.89) price target on shares of Melrose Industries in a report on Friday, August 25th. Peel Hunt reissued a “buy” rating and issued a GBX 240 ($3.16) price target on shares of Melrose Industries in a report on Tuesday, October 31st. Finally, Goldman Sachs Group Inc assumed coverage on shares of Melrose Industries in a report on Wednesday, August 2nd. They issued a “buy” rating and a GBX 270 ($3.55) price target on the stock. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of GBX 258.75 ($3.40).

Shares of Melrose Industries (MRO) opened at GBX 201.70 ($2.65) on Friday. Melrose Industries has a twelve month low of GBX 2.13 ($0.03) and a twelve month high of GBX 261.90 ($3.44).

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Melrose Industries Company Profile

Analyst Recommendations for Melrose Industries (LON:MRO)

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