Peel Hunt reissued their buy rating on shares of Melrose Industries (LON:MRO) in a report published on Thursday morning, ThisIsMoney.Co.Uk reports.

A number of other brokerages have also recently weighed in on MRO. UBS Group restated a buy rating and issued a GBX 285 ($3.75) price target (up previously from GBX 250 ($3.29)) on shares of Melrose Industries in a research report on Tuesday, December 10th. Barclays raised their price target on Melrose Industries from GBX 250 ($3.29) to GBX 270 ($3.55) and gave the company an overweight rating in a research report on Monday, January 20th. Royal Bank of Canada dropped their price target on Melrose Industries from GBX 265 ($3.49) to GBX 260 ($3.42) and set an outperform rating for the company in a research report on Friday, January 17th. JPMorgan Chase & Co. dropped their price target on Melrose Industries from GBX 265 ($3.49) to GBX 260 ($3.42) and set an overweight rating for the company in a research report on Tuesday, October 22nd. Finally, BNP Paribas upgraded Melrose Industries to an outperform rating and set a GBX 270 ($3.55) price target for the company in a research report on Thursday, November 28th. Twelve investment analysts have rated the stock with a buy rating, The stock presently has an average rating of Buy and a consensus target price of GBX 256.36 ($3.37).

Shares of MRO stock traded down GBX 1.50 ($0.02) during mid-day trading on Thursday, reaching GBX 237.50 ($3.12). The stock had a trading volume of 6,530,704 shares, compared to its average volume of 14,820,000. Melrose Industries has a 12-month low of GBX 156.35 ($2.06) and a 12-month high of GBX 255.24 ($3.36). The company has a market cap of $11.54 billion and a P/E ratio of -36.54. The business has a 50-day simple moving average of GBX 240.02 and a 200 day simple moving average of GBX 213.77. The company has a current ratio of 1.08, a quick ratio of 0.68 and a debt-to-equity ratio of 58.32.

Melrose Industries Company Profile

Melrose Industries PLC engages in the aerospace, automotive, powder metallurgy, air and security, and other industrial businesses. Its Aerospace segment supplies airframe and engine structures, landing gears, specialist technologies, and aftermarket services for commercial and military aircraft. The company's Automotive segment designs, develops, manufactures, and integrates driveline technologies for car manufacturers; and operates as an all-wheel drive systems integrator and electric powertrain systems engineer.

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Analyst Recommendations for Melrose Industries (LON:MRO)

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