Melrose Industries’ (MRO) Outperform Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reiterated their outperform rating on shares of Melrose Industries (LON:MRO) in a report released on Friday morning,London Stock Exchange reports. They currently have a GBX 800 price objective on the stock.

Melrose Industries Stock Up 6.9%

Melrose Industries stock opened at GBX 468.66 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.45 and a debt-to-equity ratio of 71.81. The firm has a market capitalization of £5.84 billion, a P/E ratio of 16.16, a P/E/G ratio of 0.48 and a beta of 0.84. The stock’s fifty day simple moving average is GBX 471.46 and its 200-day simple moving average is GBX 528.10. Melrose Industries has a twelve month low of GBX 409.90 and a twelve month high of GBX 685.

Melrose Industries (LON:MRO) last posted its earnings results on Friday, July 31st. The company reported GBX 17.80 EPS for the quarter. Melrose Industries had a return on equity of 5.63% and a net margin of 4.28%. As a group, equities analysts expect that Melrose Industries will post 33.9741641 earnings per share for the current fiscal year.

Insider Activity

In other Melrose Industries news, insider Guy Hachey bought 18,000 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were bought at an average price of GBX 449 per share, for a total transaction of £80,820. Also, insider Chris Grigg acquired 20,000 shares of Melrose Industries stock in a transaction that occurred on Tuesday, June 16th. The stock was bought at an average price of GBX 472 per share, with a total value of £94,400. Insiders have bought a total of 63,101 shares of company stock valued at $29,444,975 over the last quarter. Corporate insiders own 2.59% of the company’s stock.

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.