MELROSE INDUSTRIES PLC ORD 13/110P Given Average Recommendation of “Buy” by Brokerages (LON:MRO)
Shares of MELROSE INDUSTRIES PLC ORD 13/110P (LON:MRO) have been given an average recommendation of “Buy” by the fifteen brokerages that are covering the stock, Analyst RN reports. Five research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is GBX 310.50 ($5.16).
A number of research firms have recently commented on MRO. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of MELROSE INDUSTRIES PLC ORD 13/110P in a research note on Wednesday, February 12th. They now have a GBX 290 ($4.82) price target on the stock. Separately, analysts at Canaccord Genuity initiated coverage on shares of MELROSE INDUSTRIES PLC ORD 13/110P in a research note on Monday, February 3rd. They set a “buy” rating and a GBX 400 ($6.65) price target on the stock. Finally, analysts at Liberum Capital reiterated a “buy” rating on shares of MELROSE INDUSTRIES PLC ORD 13/110P in a research note on Tuesday, January 28th.
Shares of MELROSE INDUSTRIES PLC ORD 13/110P (LON:MRO) traded up 0.31% on Tuesday, hitting GBX 326.80. The stock had a trading volume of 742,625 shares. MELROSE INDUSTRIES PLC ORD 13/110P 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 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 ($0.78) per share. This represents a dividend yield of 14.98%. The ex-dividend date 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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