Melrose Industries PLC (LON:MRO) was downgraded by equities research analysts at Liberum Capital to a “hold” rating in a research report issued on Wednesday.
A number of other equities analysts also recently weighed in on the stock. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Melrose Industries PLC in a report on Monday, September 26th. Numis Securities Ltd downgraded shares of Melrose Industries PLC to a ” hold” rating in a report on Friday, August 12th. Finally, Beaufort Securities reissued a “buy” rating on shares of Melrose Industries PLC in a report on Tuesday, August 9th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 342.50 ($4.24).
Melrose Industries PLC (LON:MRO) opened at 178.00 on Wednesday. The firm has a 50-day moving average of GBX 166.35 and a 200 day moving average of GBX 265.01. The company’s market capitalization is GBX 482.74 million. Melrose Industries PLC has a 12-month low of GBX 51.65 and a 12-month high of GBX 187.50.
In related news, insider Lis,David purchased 100,000 shares of the firm’s stock in a transaction dated Friday, September 2nd. The shares were purchased at an average cost of GBX 152 ($1.88) per share, for a total transaction of £152,000 ($188,118.81).
Melrose Industries PLC Company Profile
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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