Melrose Industries Plc’s “Outperform” Rating Reaffirmed at BNP Paribas (MRO)
Melrose Industries Plc (LON:MRO)‘s stock had its “outperform” rating reiterated by stock analysts at BNP Paribas in a report issued on Wednesday. They currently have a GBX 350 ($6.00) target price on the stock. BNP Paribas’ price objective would suggest a potential upside of 34.87% from the company’s current price.
Melrose Industries Plc (LON:MRO) traded down 1.37% during mid-day trading on Wednesday, hitting GBX 259.50. 3,895,416 shares of the company’s stock traded hands. Melrose Industries Plc has a 52 week low of GBX 246.70 and a 52 week high of GBX 382.20. The stock’s 50-day moving average is GBX 281.2 and its 200-day moving average is GBX 313.3. The company’s market cap is £2.781 billion.
MRO has been the subject of a number of other recent research reports. Analysts at RBC Capital reiterated an “outperform” rating on shares of Melrose Industries Plc in a research note on Friday, July 4th. They now have a GBX 330 ($5.66) price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Melrose Industries Plc in a research note on Wednesday, July 2nd. They now have a GBX 275 ($4.72) price target on the stock. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of GBX 326 ($5.59).
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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