Melrose plc Given New GBX 332 Price Target at Investec (MRO)
Research analysts at Investec upped their price target on shares of Melrose plc (LON:MRO) from GBX 323 ($5.32) to GBX 332 ($5.47) in a report released on Monday, Analyst RN reports. The firm currently has a “buy” rating on the stock. Investec’s target price suggests a potential upside of 8.96% from the stock’s previous close.
MRO has been the subject of a number of other recent research reports. Analysts at RBC Capital reiterated an “outperform” rating on shares of Melrose plc in a research note to investors on Thursday. They now have a GBX 330 ($5.44) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Melrose plc in a research note to investors on Monday, January 6th. They now have a GBX 330 ($5.44) 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 Thursday, December 12th. They now have a GBX 275 ($4.53) price target on the stock. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Melrose plc currently has an average rating of “Buy” and an average target price of GBX 304.59 ($5.02).
Shares of Melrose plc (LON:MRO) opened at 304.90 on Monday. Melrose plc has a 52-week low of GBX 231.20 and a 52-week high of GBX 323.40. The stock’s 50-day moving average is GBX 303.2 and its 200-day moving average is GBX 286.2. The company’s market cap is £3.862 billion.
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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