Melrose Industries PLC (LON:MRO)‘s stock had its “overweight” rating reaffirmed by investment analysts at Barclays PLC in a research report issued on Tuesday.
Several other brokerages have also recently weighed in on MRO. Liberum Capital reissued a “hold” rating and issued a GBX 200 ($2.47) price target on shares of Melrose Industries PLC in a research note on Thursday, March 2nd. JPMorgan Chase & Co. increased their price target on Melrose Industries PLC from GBX 194 ($2.40) to GBX 250 ($3.09) and gave the company an “overweight” rating in a research note on Friday, March 3rd. Numis Securities Ltd raised Melrose Industries PLC to a “buy” rating and set a GBX 245 ($3.03) price target for the company in a research note on Tuesday, December 6th. Bank of America Corp increased their price target on Melrose Industries PLC from GBX 200 ($2.47) to GBX 220 ($2.72) and gave the company a “buy” rating in a research note on Wednesday, January 11th. Finally, Peel Hunt increased their price target on Melrose Industries PLC from GBX 210 ($2.59) to GBX 240 ($2.96) and gave the company a “buy” rating in a research note on Tuesday, January 17th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 263.63 ($3.26).
Shares of Melrose Industries PLC (LON:MRO) opened at 227.50 on Tuesday. The company’s market cap is GBX 4.29 billion. Melrose Industries PLC has a 1-year low of GBX 63.18 and a 1-year high of GBX 250.50. The firm has a 50-day moving average price of GBX 216.67 and a 200 day moving average price of GBX 189.10.
The firm also recently announced a dividend, which will be paid on Tuesday, May 16th. Investors of record on Thursday, April 6th will be paid a dividend of GBX 1.90 ($0.02) per share. The ex-dividend date is Thursday, April 6th. This represents a yield of 0.79%. This is a boost from Melrose Industries PLC’s previous dividend of $1.40.
var userip;Your IP Address: document.write(userip);
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.
Receive News & Ratings for Melrose Industries PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Melrose Industries PLC and related companies with MarketBeat.com's FREE daily email newsletter.