Numis Securities Reiterates Add Rating for Melrose Industries (LON:MRO)

Melrose Industries (LON:MRO)‘s stock had its “add” rating reissued by equities researchers at Numis Securities in a research report issued on Friday, LSE.Co.UK reports. They presently have a GBX 640 ($8.12) target price on the stock. Numis Securities’ price target indicates a potential upside of 7.00% from the company’s previous close.

Melrose Industries Stock Down 3.1 %

Shares of MRO stock traded down GBX 19.27 ($0.24) during mid-day trading on Friday, hitting GBX 598.13 ($7.59). The stock had a trading volume of 6,776,441 shares, compared to its average volume of 4,077,334. Melrose Industries has a 12-month low of GBX 350.65 ($4.45) and a 12-month high of GBX 646.80 ($8.21). The firm has a market capitalization of £7.96 billion, a P/E ratio of -29,906.65, a price-to-earnings-growth ratio of 0.49 and a beta of 1.59. The firm’s 50-day moving average is GBX 594.13 and its two-hundred day moving average is GBX 536.78. The company has a debt-to-equity ratio of 23.35, a current ratio of 0.89 and a quick ratio of 0.45.

Melrose Industries Company Profile

Melrose Industries PLC, together with its subsidiaries, engages in the aerospace, automotive, powder metallurgy, and other industrial businesses in the United Kingdom, rest of Europe, North America, and internationally. Its Aerospace segment provides airframe and engine structures, and electrical interconnection systems for the aerospace industry in civil airframe and defense platforms.