Melrose Industries PLC (MRO) Downgraded to “Hold” at Liberum Capital
Other research analysts have also issued research reports about the stock. Numis Securities Ltd lowered shares of Melrose Industries PLC to a hold rating in a research report on Friday, August 12th. JPMorgan Chase & Co. reissued an overweight rating on shares of Melrose Industries PLC in a research report on Thursday, September 1st. Finally, Beaufort Securities reissued a buy rating on shares of Melrose Industries PLC in a research report on Thursday, July 7th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of GBX 342.50 ($4.24).
Melrose Industries PLC (LON:MRO) opened at 177.75 on Wednesday. The firm’s market capitalization is GBX 482.06 million. Melrose Industries PLC has a 52 week low of GBX 51.65 and a 52 week high of GBX 187.50. The firm has a 50-day moving average price of GBX 164.90 and a 200-day moving average price of GBX 109.76.
In other Melrose Industries PLC news, insider Lis,David acquired 100,000 shares of the business’s stock in a transaction that occurred on Friday, September 2nd. The shares were acquired at an average cost of GBX 152 ($1.88) per share, for a total transaction of £152,000 ($188,118.81).
About Melrose Industries PLC
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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