Melrose Industries PLC’s (MRO) “Hold” Rating Reiterated at Deutsche Bank AG
A number of other analysts also recently weighed in on MRO. J P Morgan Chase & Co decreased their price target on shares of Melrose Industries PLC from GBX 250 ($3.29) to GBX 230 ($3.02) and set an overweight rating for the company in a research report on Tuesday, July 4th. BNP Paribas downgraded shares of Melrose Industries PLC to a neutral rating and set a GBX 250 ($3.29) price target for the company. in a research report on Tuesday, July 18th. Goldman Sachs Group, Inc. (The) started coverage on shares of Melrose Industries PLC in a research report on Wednesday, August 2nd. They set a buy rating and a GBX 270 ($3.55) price target for the company. Barclays PLC reissued an overweight rating and set a GBX 255 ($3.35) price target on shares of Melrose Industries PLC in a research report on Thursday, August 17th. Finally, Liberum Capital reissued a buy rating and set a GBX 260 ($3.42) price target on shares of Melrose Industries PLC in a research report on Thursday, August 31st. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of GBX 260.91 ($3.43).
Melrose Industries PLC (MRO) opened at 220.70 on Friday. The firm’s market cap is GBX 4.18 billion. The firm’s 50-day moving average is GBX 212.99 and its 200 day moving average is GBX 230.99. Melrose Industries PLC has a 12-month low of GBX 162.00 and a 12-month high of GBX 261.90.
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The business also recently disclosed a dividend, which was paid on Friday, October 6th. Investors of record on Thursday, September 7th were paid a dividend of GBX 1.40 ($0.02) per share. This represents a dividend yield of 0.64%. The ex-dividend date of this dividend was Thursday, September 7th.
Melrose Industries PLC Company Profile
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