Melrose Industries Plc Stock Rating Reaffirmed by RBC Capital (MRO)
Melrose Industries Plc (LON:MRO)‘s stock had its “outperform” rating restated by RBC Capital in a research note issued on Tuesday. They currently have a GBX 390 ($6.56) price objective on the stock. RBC Capital’s price objective indicates a potential upside of 36.17% from the company’s current price.
A number of other analysts have also recently weighed in on MRO. 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 ($6.72) 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 ($5.46) price target on the stock, down previously from GBX 330 ($5.55). Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 328.50 ($5.52).
Melrose Industries Plc (LON:MRO) traded up 0.66% during mid-day trading on Tuesday, hitting GBX 288.30. 658,601 shares of the company’s stock traded hands. Melrose Industries Plc has a 52 week low of GBX 272.372 and a 52 week high of GBX 382.20. The stock’s 50-day moving average is GBX 284.8 and its 200-day moving average is GBX 321.7. The company’s market cap is £3.090 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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