Melrose Industries PLC (MRO) Given Buy Rating at Numis Securities Ltd
Numis Securities Ltd restated their buy rating on shares of Melrose Industries PLC (LON:MRO) in a research report released on Friday. They currently have a GBX 290 ($3.75) price objective on the stock.
Other research analysts have also issued research reports about the stock. Beaufort Securities restated a buy rating on shares of Melrose Industries PLC in a research report on Friday. J P Morgan Chase & Co restated an overweight rating and issued a GBX 250 ($3.23) target price on shares of Melrose Industries PLC in a research report on Friday. Peel Hunt restated a buy rating and issued a GBX 240 ($3.10) target price on shares of Melrose Industries PLC in a research report on Thursday. Liberum Capital reaffirmed a buy rating and set a GBX 260 ($3.36) price target on shares of Melrose Industries PLC in a research note on Thursday. Finally, Deutsche Bank AG reaffirmed a hold rating and set a GBX 220 ($2.85) price target on shares of Melrose Industries PLC in a research note on Friday, August 25th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of GBX 260.91 ($3.37).
Melrose Industries PLC (LON:MRO) traded down 0.27% during midday trading on Friday, reaching GBX 219.40. The company had a trading volume of 9,829,437 shares. Melrose Industries PLC has a one year low of GBX 148.00 and a one year high of GBX 261.70. The firm’s market capitalization is GBX 4.14 billion. The stock’s 50 day moving average price is GBX 232.50 and its 200-day moving average price is GBX 233.24.
In related news, insider David Alexander Roper sold 2,000,000 shares of the stock in a transaction dated Monday, June 26th. The shares were sold at an average price of GBX 255 ($3.30), for a total value of £5,100,000 ($6,595,964.82).
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.
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.