Other research analysts have also recently issued research reports about the stock. Numis Securities Ltd cut shares of Melrose Industries PLC to a hold rating in a report on Friday, August 12th. JPMorgan Chase & Co. restated an overweight rating on shares of Melrose Industries PLC in a research report on Thursday, September 1st. Finally, Beaufort Securities restated a buy rating on shares of Melrose Industries PLC in a research report on Thursday, July 7th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Melrose Industries PLC currently has a consensus rating of Buy and a consensus price target of GBX 342.50 ($4.17).
Shares of Melrose Industries PLC (LON:MRO) opened at 174.75 on Wednesday. The firm’s market cap is GBX 473.92 million. The company’s 50-day moving average is GBX 168.67 and its 200 day moving average is GBX 261.82. Melrose Industries PLC has a 52-week low of GBX 51.65 and a 52-week high of GBX 385.68.
In other news, insider Lis,David acquired 100,000 shares of the company’s stock in a transaction on Friday, September 2nd. The shares were bought at an average cost of GBX 152 ($1.85) per share, with a total value of £152,000 ($185,252.89).
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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