Melrose plc’s Hold Rating Reaffirmed at Numis Securities Ltd (MRO)
Melrose plc (LON:MRO)‘s stock had its “hold” rating reiterated by investment analysts at Numis Securities Ltd in a note issued to investors on Wednesday, Analyst Ratings News reports. They currently have a GBX 290 ($4.76) target price on the stock. Numis Securities Ltd’s price target points to a potential downside of 4.64% from the company’s current price.
MRO has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity initiated coverage on shares of Melrose plc in a research note on Monday, February 3rd. They set a “buy” rating and a GBX 400 ($6.56) price target on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of Melrose plc in a research note on Tuesday, January 28th. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Melrose plc in a research note on Wednesday, January 22nd. They now have a GBX 330 ($5.41) price target on the stock. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 310.50 ($5.09).
Shares of Melrose plc (LON:MRO) traded up 0.89% on Wednesday, hitting GBX 307.70. The stock had a trading volume of 1,259,253 shares. Melrose plc has a 1-year low of GBX 273.236 and a 1-year high of GBX 382.20. The stock’s 50-day moving average is GBX 304.0 and its 200-day moving average is GBX 298..
The company also recently declared a dividend, which is scheduled for Friday, February 28th. Investors of record on Monday, February 10th will be given a dividend of GBX 47 ($0.77) per share. This represents a yield of 14.98%. The ex-dividend date of this dividend is Monday, February 10th.
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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