Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Melrose Industries (LON:MRO) Stock Price

Melrose Industries (LON:MRO) had its target price hoisted by Deutsche Bank Aktiengesellschaft from GBX 570 to GBX 575 in a report issued on Wednesday morning,Digital Look reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

Separately, Royal Bank Of Canada reissued an “outperform” rating and set a GBX 800 price objective on shares of Melrose Industries in a report on Friday, July 31st. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 708.33.

Melrose Industries Price Performance

Melrose Industries stock opened at GBX 481.04 on Wednesday. The business’s fifty day moving average is GBX 476.15 and its two-hundred day moving average is GBX 514.61. The company has a debt-to-equity ratio of 71.81, a quick ratio of 0.45 and a current ratio of 1.07. The firm has a market cap of £5.99 billion, a P/E ratio of 37.58, a P/E/G ratio of 0.48 and a beta of 0.84. Melrose Industries has a 52 week low of GBX 409.90 and a 52 week high of GBX 685.

Melrose Industries (LON:MRO) last announced its earnings results on Friday, July 31st. The company reported GBX 17.80 earnings per share for the quarter. Melrose Industries had a return on equity of 5.63% and a net margin of 4.28%. Equities research analysts forecast that Melrose Industries will post 33.9741641 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Guy Hachey bought 18,000 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was bought at an average price of GBX 449 per share, for a total transaction of £80,820. Also, insider Ross McCluskey purchased 3,667 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were purchased at an average cost of GBX 475 per share, for a total transaction of £17,418.25. In the last ninety days, insiders bought 63,101 shares of company stock valued at $29,444,975. Company insiders own 2.59% of the company’s stock.

About Melrose Industries

Melrose Industries PLC, together with its subsidiaries, provides aerospace components and systems to civil and defence markets in the United Kingdom, rest of Europe, North America, and internationally. The company operates through two segments, Engines and Structures. The Engines segment offers structural engineered components; parts repair; and commercial and aftermarket contracts to engines original equipment manufacturers. The Structures segment provides civil and defence air frames, including lightweight composite and metallic structures; and electrical distribution systems and components to airframe original equipment manufacturers.