Barclays PLC Reaffirms “Overweight” Rating for Melrose Industries PLC (MRO)
Melrose Industries PLC (LON:MRO)‘s stock had its “overweight” rating restated by Barclays PLC in a research report issued on Tuesday.
Several other equities analysts have also recently weighed in on the company. Liberum Capital reiterated a “buy” rating and set a GBX 260 ($3.21) price objective on shares of Melrose Industries PLC in a report on Friday. Deutsche Bank AG lifted their price objective on Melrose Industries PLC from GBX 180 ($2.22) to GBX 220 ($2.72) and gave the company a “hold” rating in a report on Monday, March 6th. JPMorgan Chase & Co. lifted their price objective on Melrose Industries PLC from GBX 194 ($2.40) to GBX 250 ($3.09) and gave the company an “overweight” rating in a report on Friday, March 3rd. Panmure Gordon reiterated a “buy” rating and set a GBX 294 ($3.63) price objective on shares of Melrose Industries PLC in a report on Wednesday, February 8th. Finally, Peel Hunt lifted their price objective on Melrose Industries PLC from GBX 210 ($2.59) to GBX 240 ($2.96) and gave the company a “buy” rating in a report on Tuesday, January 17th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 263.63 ($3.26).
Melrose Industries PLC (LON:MRO) opened at 227.50 on Tuesday. Melrose Industries PLC has a one year low of GBX 63.18 and a one year high of GBX 250.50. The firm’s market cap is GBX 4.29 billion. The firm’s 50-day moving average price is GBX 216.67 and its 200 day moving average price is GBX 189.10.
The company also recently announced a dividend, which will be paid on Tuesday, May 16th. Shareholders of record on Thursday, April 6th will be paid a GBX 1.90 ($0.02) dividend. This is a boost from Melrose Industries PLC’s previous dividend of $1.40. The ex-dividend date of this dividend is Thursday, April 6th. This represents a yield of 0.79%.
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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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