Melrose Industries Plc Given Average Rating of “Buy” by Analysts (LON:MRO)
Melrose Industries Plc (LON:MRO) has earned an average rating of “Buy” from the thirteen analysts that are covering the company, ARN reports. Four research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is GBX 326 ($5.45).
A number of research firms have recently commented on MRO. Analysts at RBC Capital reiterated an “outperform” rating on shares of Melrose Industries Plc in a research note on Tuesday, August 12th. They now have a GBX 330 ($5.52) price target on the stock. Separately, 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 ($5.43) price target on the stock.
Shares of Melrose Industries Plc (LON:MRO) traded up 0.62% during mid-day trading on Monday, hitting GBX 275.80. The stock had a trading volume of 962,047 shares. 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 264.2 and its 200-day moving average is GBX 289.0. The company’s market cap is £2.956 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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