Melrose Industries PLC’s (MRO) “Hold” Rating Reaffirmed at Numis Securities Ltd
A number of other research analysts also recently commented on the company. Liberum Capital downgraded Melrose Industries PLC to a hold rating in a report on Wednesday, October 12th. JPMorgan Chase & Co. restated an overweight rating on shares of Melrose Industries PLC in a research note on Monday, September 26th. Finally, Beaufort Securities restated a buy rating on shares of Melrose Industries PLC in a research note on Tuesday, August 9th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of GBX 342.50 ($4.28).
Melrose Industries PLC (LON:MRO) traded down 1.15% on Tuesday, hitting GBX 172.50. The stock had a trading volume of 5,544,544 shares. Melrose Industries PLC has a 12 month low of GBX 51.09 and a 12 month high of GBX 385.68. The company’s market cap is GBX 467.82 million. The company has a 50-day moving average of GBX 172.99 and a 200 day moving average of GBX 231.18.
In other Melrose Industries PLC news, insider Lis,David acquired 100,000 shares of the stock in a transaction dated Friday, September 2nd. The stock was acquired at an average price of GBX 152 ($1.90) per share, with a total value of £152,000 ($189,905.05).
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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