Melrose Industries Plc Given Consensus Rating of “Buy” by Analysts (LON:MRO)
Shares of Melrose Industries Plc (LON:MRO) have received a consensus rating of “Buy” from the thirteen analysts that are covering the stock, American Banking & Market News reports. Four analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is GBX 318.18 ($5.36).
Melrose Industries Plc (LON:MRO) opened at 281.70 on Wednesday. Melrose Industries Plc has a one year low of GBX 272.372 and a one year 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 £3.019 billion.
Several analysts have recently commented on the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Melrose Industries Plc in a research note on Tuesday, May 13th. They now have a GBX 400 ($6.73) price target on the stock. Separately, analysts at Charles Stanley reiterated a “hold” rating on shares of Melrose Industries Plc in a research note on Tuesday, May 13th. Finally, analysts at Investec upgraded shares of Melrose Industries Plc to a “buy” rating in a research note on Tuesday, May 13th. They now have a GBX 325 ($5.47) price target on the stock, down previously from GBX 330 ($5.55).
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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