Melrose Industries Plc Receives “Overweight” Rating from Barclays (MRO)
Melrose Industries Plc (LON:MRO)‘s stock had its “overweight” rating reaffirmed by equities researchers at Barclays in a research report issued on Monday, Stock Ratings Network.com reports. They currently have a GBX 315 ($5.31) target price on the stock. Barclays’ price target indicates a potential upside of 14.51% from the stock’s previous close.
MRO has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Melrose Industries Plc in a research note on Tuesday, May 6th. They now have a GBX 290 ($4.88) price target on the stock. Separately, analysts at Liberum Capital cut their price target on shares of Melrose Industries Plc from GBX 335 ($5.64) to GBX 330 ($5.56) in a research note on Thursday, March 20th. They now have a “buy” 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 ($5.56) price target on the stock. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of GBX 318.18 ($5.36).
Shares of Melrose Industries Plc (LON:MRO) opened at 275.08 on Monday. 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 £2.948 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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