Melrose Industries Plc Receives Outperform Rating from RBC Capital (MRO)
Melrose Industries Plc (LON:MRO)‘s stock had its “outperform” rating reaffirmed by stock analysts at RBC Capital in a report issued on Tuesday. They currently have a GBX 330 ($5.65) price objective on the stock. RBC Capital’s price target suggests a potential upside of 26.49% from the company’s current price.
Melrose Industries Plc (LON:MRO) traded down 1.89% on Tuesday, hitting GBX 259.10. 2,556,275 shares of the company’s stock traded hands. Melrose Industries Plc has a one year low of GBX 246.70 and a one year 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 £2.777 billion.
A number of other analysts have also recently weighed in on MRO. Analysts at Barclays reiterated an “overweight” rating on shares of Melrose Industries Plc in a research note on Thursday, July 10th. Separately, analysts at BNP Paribas reiterated an “outperform” rating on shares of Melrose Industries Plc in a research note on Wednesday, July 9th. They now have a GBX 350 ($5.99) price target on the stock. Finally, 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 ($4.71) 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 company’s stock. Melrose Industries Plc presently has an average rating of “Buy” and an average price target of GBX 326 ($5.58).
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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