Melrose Industries PLC (MRO) Receives Buy Rating from Beaufort Securities
MRO has been the subject of several other reports. Deutsche Bank AG reiterated a hold rating and set a GBX 220 ($2.85) price objective on shares of Melrose Industries PLC in a report on Friday, August 25th. J P Morgan Chase & Co restated an overweight rating and set a GBX 250 ($3.23) target price on shares of Melrose Industries PLC in a report on Friday. Barclays PLC restated an overweight rating and set a GBX 255 ($3.30) target price on shares of Melrose Industries PLC in a report on Thursday, August 17th. Peel Hunt restated a buy rating and set a GBX 240 ($3.10) target price on shares of Melrose Industries PLC in a report on Thursday. Finally, Liberum Capital restated a buy rating and set a GBX 260 ($3.36) target price on shares of Melrose Industries PLC in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of GBX 260.91 ($3.37).
Melrose Industries PLC (MRO) traded down 0.27% during trading on Friday, reaching GBX 219.40. The company had a trading volume of 9,829,437 shares. The stock’s market cap is GBX 4.14 billion. The company has a 50-day moving average price of GBX 232.50 and a 200 day moving average price of GBX 233.24. Melrose Industries PLC has a 52-week low of GBX 148.00 and a 52-week high of GBX 261.70.
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In other Melrose Industries PLC news, insider David Alexander Roper sold 2,000,000 shares of Melrose Industries PLC stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of GBX 255 ($3.30), for a total transaction of £5,100,000 ($6,595,964.82).
About Melrose Industries PLC
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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