Melrose Industries PLC (MRO) Receives Average Recommendation of “Buy” from Analysts
Shares of Melrose Industries PLC (LON:MRO) have earned an average recommendation of “Buy” from the twelve analysts that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 257.50 ($3.33).
Several equities research analysts recently weighed in on MRO shares. J P Morgan Chase & Co cut their price objective on shares of Melrose Industries PLC from GBX 250 ($3.23) to GBX 230 ($2.97) and set an “overweight” rating for the company in a research report on Tuesday, July 4th. Liberum Capital reaffirmed a “buy” rating and set a GBX 260 ($3.36) price objective on shares of Melrose Industries PLC in a research report on Thursday, May 11th. BNP Paribas cut shares of Melrose Industries PLC to a “neutral” rating and set a GBX 250 ($3.23) price objective for the company. in a research report on Tuesday, July 18th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Melrose Industries PLC in a research report on Monday, July 10th. Finally, Beaufort Securities reaffirmed a “buy” rating on shares of Melrose Industries PLC in a research report on Friday, May 12th.
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In other news, insider David Alexander Roper sold 2,000,000 shares of the stock in a transaction dated Monday, June 26th. The shares were sold at an average price of GBX 255 ($3.30), for a total value of £5,100,000 ($6,595,964.82).
Melrose Industries PLC (MRO) traded down 4.06% during trading on Friday, hitting GBX 220.00. 15,966,113 shares of the stock were exchanged. Melrose Industries PLC has a 52 week low of GBX 148.00 and a 52 week high of GBX 261.70. The firm has a 50-day moving average of GBX 233.02 and a 200-day moving average of GBX 233.34. The stock’s market capitalization is GBX 4.15 billion.
Melrose Industries PLC Company Profile
Melrose Industries PLC is a United Kingdom-based company, which is engaged in buying manufacturing businesses. The Company operates through an Energy segment, which includes the Brush business that is a specialist supplier of energy industrial products to the global market. The Company’s Brush Turbogenerators is an independent manufacturer of electricity generating equipment for the power generation, industrial, oil and gas, and offshore sectors, and also supplies switchgear, transformers and other power infrastructure equipment.
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