Melrose Industries (LON:MRO) Upgraded to “Outperform” at Royal Bank of Canada

Royal Bank of Canada upgraded shares of Melrose Industries (LON:MROFree Report) to an outperform rating in a research note issued to investors on Monday morning, MarketBeat reports. They currently have GBX 650 ($8.33) target price on the stock.

Melrose Industries Stock Up 2.2 %

Shares of Melrose Industries stock opened at GBX 574.60 ($7.36) on Monday. The company has a market capitalization of £7.47 billion, a P/E ratio of -30,060.00, a price-to-earnings-growth ratio of 0.73 and a beta of 1.59. The company has a debt-to-equity ratio of 23.05, a current ratio of 0.86 and a quick ratio of 0.45. The business has a 50-day moving average of GBX 598.19 and a two-hundred day moving average of GBX 608.21. Melrose Industries has a 1 year low of GBX 445.40 ($5.71) and a 1 year high of GBX 681.20 ($8.73).

Insider Buying and Selling

In related news, insider Justin Dowley purchased 2,950 shares of Melrose Industries stock in a transaction dated Monday, May 13th. The stock was bought at an average price of GBX 598 ($7.66) per share, for a total transaction of £17,641 ($22,596.39). 0.99% of the stock is owned by company insiders.

About Melrose Industries

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Melrose Industries PLC, together with its subsidiaries, provides aerospace components and systems to civil and defence markets in the United Kingdom, rest of Europe, North America, and internationally. The company operates through two segments, Engines and Structures. The Engines segment offers structural engineered components; parts repair; and commercial and aftermarket contracts to engines original equipment manufacturers.

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