Melrose Industries PLC (MRO) Rating Reiterated by Deutsche Bank AG
Melrose Industries PLC (LON:MRO)‘s stock had its “hold” rating reaffirmed by Deutsche Bank AG in a research note issued to investors on Thursday.
Other equities research analysts also recently issued research reports about the stock. Numis Securities Ltd downgraded shares of Melrose Industries PLC to a ” hold” rating in a research note on Friday, August 12th. Beaufort Securities reaffirmed a “buy” rating on shares of Melrose Industries PLC in a research note on Tuesday, August 9th. Liberum Capital downgraded shares of Melrose Industries PLC to a “hold” rating in a research note on Wednesday, October 12th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Melrose Industries PLC in a research note on Monday, September 26th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of GBX 342.50 ($4.28).
Melrose Industries PLC (LON:MRO) opened at 172.25 on Thursday. The company’s market cap is GBX 467.14 million. Melrose Industries PLC has a 12-month low of GBX 51.09 and a 12-month high of GBX 385.68. The stock’s 50 day moving average is GBX 172.99 and its 200-day moving average is GBX 231.18.
In related news, insider Lis,David purchased 100,000 shares of Melrose Industries PLC stock in a transaction dated Friday, September 2nd. The stock was bought at an average price of GBX 152 ($1.90) per share, for a total transaction of £152,000 ($189,905.05).
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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