Shares of Melrose Industries PLC (LON:MRO) have been assigned a consensus rating of “Buy” from the twelve ratings firms that are currently covering the firm. Three investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is GBX 338.57 ($4.19).
Several research firms have recently weighed in on MRO. Beaufort Securities reaffirmed a “buy” rating on shares of Melrose Industries PLC in a report on Tuesday, August 9th. Numis Securities Ltd reaffirmed a “hold” rating on shares of Melrose Industries PLC in a report on Tuesday, August 9th. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 380 ($4.70) price target on shares of Melrose Industries PLC in a research note on Monday, June 27th. Finally, Liberum Capital cut shares of Melrose Industries PLC to a “hold” rating in a research note on Wednesday.
Shares of Melrose Industries PLC (LON:MRO) traded down 2.21% during mid-day trading on Thursday, reaching GBX 177.00. 5,959,021 shares of the company’s stock traded hands. Melrose Industries PLC has a 52 week low of GBX 51.65 and a 52 week high of GBX 187.50. The firm’s market cap is GBX 480.02 million. The company’s 50 day moving average is GBX 164.90 and its 200-day moving average is GBX 109.76.
In other news, insider Lis,David purchased 100,000 shares of Melrose Industries PLC stock in a transaction dated Friday, September 2nd. The shares were bought at an average cost of GBX 152 ($1.88) per share, with a total value 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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