Melrose Industries Plc’s “Outperform” Rating Reaffirmed at 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 Tuesday. They currently have a GBX 330 ($5.54) price objective on the stock. RBC Capital’s price target would suggest a potential upside of 24.20% from the company’s current price.
Shares of Melrose Industries Plc (LON:MRO) traded up 0.60% on Tuesday, hitting GBX 267.30. 1,627,083 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 262.7 and its 200-day moving average is GBX 289.9. The company’s market cap is £2.865 billion.
A number of other analysts have also recently weighed in on MRO. Analysts at Investec reiterated a “buy” rating on shares of Melrose Industries Plc in a research note on Tuesday, July 22nd. They now have a GBX 325 ($5.45) price target on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Melrose Industries Plc in a research note on Thursday, July 10th. Finally, 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 ($5.87) price target on the stock. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 326 ($5.47).
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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