Melrose Industries PLC (MRO) Given Average Rating of “Buy” by Brokerages
Melrose Industries PLC (LON:MRO) has been given a consensus rating of “Buy” by the twelve research firms that are covering the company. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is GBX 338.57 ($4.19).
A number of brokerages have commented on MRO. JPMorgan Chase & Co. restated an “overweight” rating on shares of Melrose Industries PLC in a research note on Thursday, September 1st. Liberum Capital cut Melrose Industries PLC to a “hold” rating in a research note on Wednesday. Numis Securities Ltd restated a “hold” rating on shares of Melrose Industries PLC in a research note on Tuesday, August 9th. Finally, Beaufort Securities restated a “buy” rating on shares of Melrose Industries PLC in a research note on Tuesday, August 9th.
In related news, insider Lis,David bought 100,000 shares of the firm’s stock in a transaction on Friday, September 2nd. The stock was bought at an average cost of GBX 152 ($1.88) per share, for a total transaction of £152,000 ($188,118.81).
Melrose Industries PLC (LON:MRO) traded down 2.21% during mid-day trading on Thursday, reaching GBX 177.00. The company’s stock had a trading volume of 5,959,021 shares. The stock’s market capitalization is GBX 480.02 million. The firm has a 50-day moving average of GBX 164.90 and a 200-day moving average of GBX 109.76. Melrose Industries PLC has a 52 week low of GBX 51.65 and a 52 week high of GBX 187.50.
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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