Melrose plc Receives Overweight Rating from JPMorgan Chase & Co. (MRO)
Melrose plc (LON:MRO)‘s stock had its “overweight” rating restated by JPMorgan Chase & Co. in a research note issued on Wednesday, American Banking News.com reports. They currently have a GBX 333 ($5.39) target price on the stock. JPMorgan Chase & Co.’s target price points to a potential upside of 5.11% from the stock’s previous close.
Melrose plc (LON:MRO) opened at 318.60 on Wednesday. Melrose plc has a 52-week low of GBX 211.10 and a 52-week high of GBX 316.90. The stock’s 50-day moving average is GBX 0. and its 200-day moving average is GBX 0.. The company’s market cap is £4.035 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Bank of America Corp. reiterated a “buy” rating on shares of Melrose plc in a research note to investors on Wednesday, October 16th. They now have a GBX 325 ($5.26) price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Melrose plc in a research note to investors on Monday, October 14th. They now have a GBX 275 ($4.45) price target on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Melrose plc in a research note to investors on Friday, October 4th. They now have a GBX 275 ($4.45) price target on the stock. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of GBX 301.60 ($4.88).
Melrose PLC operates through three divisions: Energy, Lifting and Other Industrial. The Energy segment incorporates the Turbogenerators (LON:MRO) and Marelli business units, specialist suppliers of energy industrial products to the worldwide market.
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