Melrose Industries Plc Stock Rating Reaffirmed by RBC Capital (MRO)
Melrose Industries Plc (LON:MRO)‘s stock had its “outperform” rating reiterated by investment analysts at RBC Capital in a note issued to investors on Thursday. They currently have a GBX 330 ($5.62) price objective on the stock. RBC Capital’s target price points to a potential upside of 30.95% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Melrose Industries Plc in a research note on Monday, June 16th. They now have a GBX 275 ($4.68) 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 ($6.81) 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 research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 322.50 ($5.49).
Shares of Melrose Industries Plc (LON:MRO) traded up 1.55% during mid-day trading on Thursday, hitting GBX 255.90. 1,694,437 shares of the company’s stock traded hands. Melrose Industries Plc has a 1-year low of GBX 254.189 and a 1-year high of GBX 382.20. The stock has a 50-day moving average of GBX 281.2 and a 200-day moving average of GBX 313.3. The company’s market cap is £2.743 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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