Deutsche Bank AG Reaffirms Hold Rating for Melrose Industries PLC (LON:MRO)
MRO has been the subject of a number of other research reports. Liberum Capital reiterated a buy rating and set a GBX 260 ($3.37) price objective on shares of Melrose Industries PLC in a research note on Friday, March 17th. J P Morgan Chase & Co reduced their price objective on Melrose Industries PLC from GBX 250 ($3.24) to GBX 230 ($2.98) and set an overweight rating for the company in a research note on Tuesday, July 4th. Barclays PLC reiterated an overweight rating on shares of Melrose Industries PLC in a research note on Tuesday, March 21st. Beaufort Securities reiterated a buy rating on shares of Melrose Industries PLC in a research note on Friday, May 12th. Finally, Panmure Gordon reiterated a buy rating and set a GBX 355 ($4.60) price objective on shares of Melrose Industries PLC in a research note on Tuesday, April 25th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of GBX 252.86 ($3.28).
Melrose Industries PLC (MRO) traded down 0.13% during mid-day trading on Monday, reaching GBX 238.10. The company’s stock had a trading volume of 1,327,143 shares. The company’s market capitalization is GBX 4.49 billion. Melrose Industries PLC has a one year low of GBX 106.78 and a one year high of GBX 261.90. The stock has a 50-day moving average price of GBX 242.52 and a 200-day moving average price of GBX 221.46.
In other news, insider David Alexander Roper sold 2,000,000 shares of the firm’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of GBX 255 ($3.30), for a total transaction of £5,100,000 ($6,606,217.62).
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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