Melrose plc Given “Outperform” Rating at RBC Capital (MRO)
Melrose plc (LON:MRO)‘s stock had its “outperform” rating restated by research analysts at RBC Capital in a report released on Thursday, Stock Ratings Network.com reports. They currently have a GBX 330 ($5.41) price objective on the stock. RBC Capital’s price target indicates a potential upside of 10.37% from the company’s current price.
Melrose plc (LON:MRO) traded up 0.61% on Thursday, hitting GBX 299.00. The stock had a trading volume of 2,077,594 shares. Melrose plc has a 1-year low of GBX 231.20 and a 1-year high of GBX 323.40. The stock has a 50-day moving average of GBX 303.2 and a 200-day moving average of GBX 286.2. The company’s market cap is £3.787 billion.
A number of other firms have also recently commented on MRO. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Melrose plc in a research note to investors on Monday. They now have a GBX 330 ($5.41) 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 Thursday, December 12th. They now have a GBX 275 ($4.51) price target on the stock. Finally, analysts at Liberum Capital raised their price target on shares of Melrose plc from GBX 295 ($4.84) to GBX 335 ($5.49) in a research note to investors on Tuesday, December 10th. They now have a “buy” rating on the stock. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Melrose plc currently has a consensus rating of “Buy” and an average price target of GBX 303.17 ($4.97).
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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