Melrose Industries (LON:MRO) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Melrose Industries PLC (LON:MRO) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 591.10 and traded as high as GBX 642.40. Melrose Industries shares last traded at GBX 627.06, with a volume of 462,599,125 shares trading hands.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. upped their price target on shares of Melrose Industries from GBX 600 to GBX 750 and gave the company an “overweight” rating in a report on Monday, November 17th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 692.50.

Melrose Industries Stock Performance

The stock’s fifty day moving average price is GBX 595.33 and its 200-day moving average price is GBX 591.10. The company has a market capitalization of £8.05 billion, a P/E ratio of 26.02, a PEG ratio of 0.48 and a beta of 1.51. The company has a debt-to-equity ratio of 44.03, a quick ratio of 0.45 and a current ratio of 0.86.

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. The Structures segment provides civil and defence air frames, including lightweight composite and metallic structures; and electrical distribution systems and components to airframe original equipment manufacturers.