Melrose Industries PLC (LON:MRO) Receives Average Recommendation of “Buy” from Analysts

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Melrose Industries PLC (LON:MRO) has been given a consensus recommendation of “Buy” by the nine brokerages that are covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is GBX 243.33 ($3.18).

Several research analysts have recently issued reports on the stock. UBS Group reaffirmed a “buy” rating on shares of Melrose Industries in a research note on Friday, June 21st. Numis Securities reiterated a “buy” rating on shares of Melrose Industries in a research report on Monday, June 3rd. Barclays reiterated an “overweight” rating on shares of Melrose Industries in a research report on Friday, May 24th. Peel Hunt reiterated a “buy” rating on shares of Melrose Industries in a research report on Thursday, May 9th. Finally, Deutsche Bank reiterated a “buy” rating on shares of Melrose Industries in a research report on Monday, April 15th.

Shares of LON MRO traded up GBX 0.05 ($0.00) during mid-day trading on Tuesday, hitting GBX 189.65 ($2.48). The company’s stock had a trading volume of 7,101,434 shares, compared to its average volume of 14,820,000. The stock has a market capitalization of $9.21 billion and a PE ratio of -15.80. The company has a current ratio of 1.17, a quick ratio of 0.76 and a debt-to-equity ratio of 46.31. Melrose Industries has a one year low of GBX 145.95 ($1.91) and a one year high of GBX 238.50 ($3.12). The company has a fifty day simple moving average of GBX 173.88.

In other news, insider Justin Dowley purchased 23,737 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The shares were acquired at an average cost of GBX 176 ($2.30) per share, for a total transaction of £41,777.12 ($54,589.21).

Melrose Industries Company Profile

Melrose Industries PLC engages in the aerospace, automotive, powder metallurgy, air and security, and other industrial businesses. Its Aerospace segment supplies airframe and engine structures, landing gears, specialist technologies, and aftermarket services for commercial and military aircraft. The company's Automotive segment designs, develops, manufactures, and integrates driveline technologies for car manufacturers; and operates as an all-wheel drive systems integrator and electric powertrain systems engineer.

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Analyst Recommendations for Melrose Industries (LON:MRO)

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