Melrose Industries PLC (MRO) Receives Consensus Rating of “Buy” from Brokerages
Melrose Industries PLC (LON:MRO) has been assigned a consensus recommendation of “Buy” from the thirteen analysts that are covering the stock. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is GBX 338.57 ($4.23).
A number of research analysts have commented on the company. 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 report on Wednesday, October 12th. Deutsche Bank AG reissued a “hold” rating on shares of Melrose Industries PLC in a research report on Thursday. Numis Securities Ltd reissued a “hold” rating on shares of Melrose Industries PLC in a research report on Tuesday, August 9th. Finally, Beaufort Securities reissued a “buy” rating on shares of Melrose Industries PLC in a research report on Tuesday, August 9th.
Melrose Industries PLC (LON:MRO) traded up 0.58% during mid-day trading on Thursday, reaching GBX 173.50. The company’s stock had a trading volume of 3,509,536 shares. The firm has a 50 day moving average price of GBX 172.99 and a 200-day moving average price of GBX 231.18. The company’s market capitalization is GBX 3273.51 billion. Melrose Industries PLC has a 1-year low of GBX 51.09 and a 1-year high of GBX 385.68.
In related news, insider Lis,David acquired 100,000 shares of the stock in a transaction dated Friday, September 2nd. The shares were bought at an average cost of GBX 152 ($1.90) per share, for a total transaction 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.
Receive News & Stock Ratings for Melrose Industries PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Melrose Industries PLC and related stocks with our FREE daily email newsletter.