Melrose Industries Plc Upgraded to Hold at Numis Securities Ltd (MRO)
Melrose Industries Plc (LON:MRO) was upgraded by equities researchers at Numis Securities Ltd to a “hold” rating in a research report issued on Tuesday, AnalystRatingsNetwork reports. The firm currently has a GBX 290 ($4.89) target price on the stock. Numis Securities Ltd’s price objective would suggest a potential upside of 1.58% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Liberum Capital cut their price target on shares of Melrose Industries Plc from GBX 335 ($5.65) to GBX 330 ($5.57) in a research note on Thursday, March 20th. They now have a “buy” rating on the stock. Separately, analysts at UBS AG cut their price target on shares of Melrose Industries Plc from GBX 310 ($5.23) to GBX 300 ($5.06) in a research note on Thursday, March 6th. They now have a “neutral” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Melrose Industries Plc in a research note on Thursday, March 6th. They now have a GBX 330 ($5.57) price target on the stock. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of GBX 317.27 ($5.35).
Shares of Melrose Industries Plc (LON:MRO) opened at 293.30 on Tuesday. Melrose Industries Plc has a 52-week low of GBX 273.236 and a 52-week high of GBX 382.20. The stock has a 50-day moving average of GBX 293. and a 200-day moving average of GBX 336.2. The company’s market cap is £3.143 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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