Melrose Industries PLC (MRO) Stock Rating Reaffirmed by Deutsche Bank AG
Melrose Industries PLC (LON:MRO)‘s stock had its “hold” rating reaffirmed by stock analysts at Deutsche Bank AG in a note issued to investors on Friday. They presently have a GBX 220 ($2.89) price target on the stock. Deutsche Bank AG’s target price would indicate a potential downside of 0.63% from the stock’s previous close.
Several other analysts have also recently weighed in on MRO. J P Morgan Chase & Co cut their price target on shares of Melrose Industries PLC from GBX 250 ($3.29) to GBX 230 ($3.02) and set an “overweight” rating on the stock in a report on Tuesday, July 4th. BNP Paribas cut shares of Melrose Industries PLC to a “neutral” rating and set a GBX 250 ($3.29) price target on the stock. in a report on Tuesday, July 18th. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Melrose Industries PLC in a report on Wednesday, August 2nd. They issued a “buy” rating and a GBX 270 ($3.55) price target on the stock. Barclays PLC reissued an “overweight” rating and set a GBX 255 ($3.35) price objective on shares of Melrose Industries PLC in a research report on Thursday, August 17th. Finally, Liberum Capital reissued a “buy” rating and set a GBX 260 ($3.42) price objective on shares of Melrose Industries PLC in a research report on Thursday, August 31st. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Melrose Industries PLC presently has an average rating of “Buy” and a consensus target price of GBX 260.91 ($3.43).
Melrose Industries PLC (MRO) opened at 221.40 on Friday. The firm’s market cap is GBX 4.20 billion. Melrose Industries PLC has a 52-week low of GBX 162.00 and a 52-week high of GBX 261.70. The company’s 50 day moving average is GBX 212.99 and its 200-day moving average is GBX 230.99.
Melrose Industries PLC Company Profile
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