Melrose Industries (LON:MRO) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Melrose Industries PLC (LON:MRO) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 551.84 and traded as high as GBX 638.40. Melrose Industries shares last traded at GBX 625.60, with a volume of 479,384,375 shares.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on MRO shares. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 650 price objective on shares of Melrose Industries in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft increased their price target on Melrose Industries from GBX 585 to GBX 620 and gave the company a “hold” rating in a research note on Monday, September 8th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 750 price objective on shares of Melrose Industries in a research note on Friday, August 1st. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 655.

Melrose Industries Stock Down 0.5%

The firm’s fifty day moving average price is GBX 616.07 and its 200-day moving average price is GBX 551.84. The company has a current ratio of 0.86, a quick ratio of 0.45 and a debt-to-equity ratio of 44.03. The company has a market cap of £7.89 billion, a price-to-earnings ratio of 25.43, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51.

Insider Buying and Selling at Melrose Industries

In other Melrose Industries news, insider Guy Hachey acquired 27,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The stock was acquired at an average cost of GBX 611 per share, for a total transaction of £164,970. 2.41% of the stock is owned by company insiders.

Melrose Industries Company Profile

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.