JPMorgan Chase & Co. Reaffirms “Overweight” Rating for Melrose Industries PLC (MRO)

JPMorgan Chase & Co. restated their overweight rating on shares of Melrose Industries PLC (LON:MRO) in a research note released on Monday.

MRO has been the topic of a number of other research reports. Numis Securities Ltd reissued a hold rating on shares of Melrose Industries PLC in a research note on Tuesday, August 9th. Beaufort Securities reissued a buy rating on shares of Melrose Industries PLC in a research note on Tuesday, August 9th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Melrose Industries PLC presently has an average rating of Buy and an average target price of GBX 342.50 ($4.47).

Analyst Recommendations for Melrose Industries PLC (LON:MRO)

Shares of Melrose Industries PLC (LON:MRO) opened at 171.75 on Monday. The stock’s market capitalization is GBX 465.79 million. The firm’s 50-day moving average price is GBX 154.99 and its 200-day moving average price is GBX 102.06. Melrose Industries PLC has a one year low of GBX 51.65 and a one year high of GBX 385.68.

The business also recently declared a dividend, which was paid on Thursday, September 1st. Investors of record on Thursday, August 4th were issued a GBX 1.40 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, August 4th. This represents a yield of 0.21%.

In related news, insider Lis,David purchased 100,000 shares of the stock in a transaction that occurred on Friday, September 2nd. The stock was purchased at an average cost of GBX 152 ($1.98) per share, for a total transaction of £152,000 ($198,407.52).

About Melrose Industries PLC

Melrose Industries PLC is a United Kingdom-based company, which is engaged in buying manufacturing businesses. The Company operates through an Energy segment, which includes the Brush business that is a specialist supplier of energy industrial products to the global market. The Company’s Brush Turbogenerators is an independent manufacturer of electricity generating equipment for the power generation, industrial, oil and gas, and offshore sectors, and also supplies switchgear, transformers and other power infrastructure equipment.

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