Melrose Industries Plc Rating Reiterated by RBC Capital (MRO)
Melrose Industries Plc (LON:MRO)‘s stock had its “outperform” rating reiterated by stock analysts at RBC Capital in a report issued on Wednesday. They currently have a GBX 330 ($5.60) price objective on the stock. RBC Capital’s price objective would suggest a potential upside of 21.64% from the company’s current price.
MRO has been the subject of a number of other recent research reports. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Melrose Industries Plc in a research note on Monday. They now have a GBX 275 ($4.67) price target on the stock. Separately, 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 ($6.79) price target on the stock. Finally, analysts at Charles Stanley reiterated a “hold” rating on shares of Melrose Industries Plc in a research note on Tuesday, May 13th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of GBX 322.50 ($5.47).
Melrose Industries Plc (LON:MRO) opened at 270.50 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 284.8 and a 200-day moving average of GBX 321.7. The company’s market cap is £2.899 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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