Melrose Industries PLC (LON:MRO – Get Free Report) insider Guy Hachey bought 18,000 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were bought at an average cost of GBX 449 per share, for a total transaction of £80,820.
Melrose Industries Trading Up 1.1%
Shares of MRO traded up GBX 5.14 during trading hours on Monday, reaching GBX 465.50. 6,574,151 shares of the company traded hands, compared to its average volume of 38,415,855. The company’s fifty day moving average price is GBX 497.86 and its two-hundred day moving average price is GBX 555.65. The company has a market capitalization of £5.80 billion, a price-to-earnings ratio of 16.05, a price-to-earnings-growth ratio of 0.48 and a beta of 0.86. The company has a quick ratio of 0.45, a current ratio of 0.98 and a debt-to-equity ratio of 67.32. Melrose Industries PLC has a 12 month low of GBX 443.36 and a 12 month high of GBX 685.
Analyst Upgrades and Downgrades
Separately, Deutsche Bank Aktiengesellschaft cut their target price on shares of Melrose Industries from GBX 620 to GBX 570 and set a “hold” rating on the stock in a research note on Monday, March 23rd. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Melrose Industries presently has a consensus rating of “Moderate Buy” and an average target price of GBX 680.
About Melrose Industries
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.
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