Melrose Industries PLC (MRO) Rating Reiterated by Peel Hunt
Melrose Industries PLC (LON:MRO)‘s stock had its “buy” rating restated by equities research analysts at Peel Hunt in a report issued on Thursday. They presently have a GBX 240 ($3.10) target price on the stock. Peel Hunt’s target price would indicate a potential upside of 9.39% from the stock’s current price.
MRO has been the subject of several other research reports. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 220 ($2.85) price objective on shares of Melrose Industries PLC in a research report on Friday, August 25th. Barclays PLC reiterated an “overweight” rating and issued a GBX 255 ($3.30) price objective on shares of Melrose Industries PLC in a research report on Thursday, August 17th. J P Morgan Chase & Co reiterated an “overweight” rating on shares of Melrose Industries PLC in a research report on Monday, July 24th. Liberum Capital reiterated a “buy” rating and issued a GBX 260 ($3.36) price objective on shares of Melrose Industries PLC in a research report on Thursday. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on Melrose Industries PLC in a research report on Wednesday, August 2nd. They issued a “buy” rating and a GBX 270 ($3.49) price objective for the company. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of GBX 260.91 ($3.37).
Melrose Industries PLC (LON:MRO) opened at 219.40 on Thursday. The firm’s market cap is GBX 4.14 billion. The stock has a 50 day moving average price of GBX 232.50 and a 200 day moving average price of GBX 233.24. Melrose Industries PLC has a 1-year low of GBX 148.00 and a 1-year high of GBX 261.70.
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In other news, insider David Alexander Roper sold 2,000,000 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of GBX 255 ($3.30), for a total transaction of £5,100,000 ($6,595,964.82).
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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