Melrose plc Stock Rating Reaffirmed by Liberum Capital (MRO)
Melrose plc (LON:MRO)‘s stock had its “buy” rating restated by investment analysts at Liberum Capital in a note issued to investors on Tuesday, American Banking and Market News reports.
The company also recently announced a dividend, which is scheduled for Friday, February 28th. Shareholders of record on Monday, February 10th will be paid a dividend of GBX 47 ($0.77) per share. This represents a dividend yield of 14.98%. The ex-dividend date is Monday, February 10th.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Melrose plc in a research note to investors on Wednesday, January 22nd. They now have a GBX 330 ($5.44) price target on the stock. Separately, analysts at Investec raised their price target on shares of Melrose plc from GBX 332 ($5.47) to GBX 338 ($5.57) in a research note to investors on Tuesday, January 21st. They now have a “buy” rating on the stock. Finally, analysts at Investec raised their price target on shares of Melrose plc from GBX 323 ($5.32) to GBX 332 ($5.47) in a research note to investors on Monday, January 13th. They now have a “buy” rating on the stock. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of GBX 302.37 ($4.98).
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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