Melrose Industries Plc Given Average Recommendation of “Buy” by Brokerages (LON:MRO)
Shares of Melrose Industries Plc (LON:MRO) have received an average rating of “Buy” from the thirteen analysts that are currently covering the stock, American Banking & Market News 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 target price among analysts that have issued a report on the stock in the last year is GBX 326 ($5.45).
MRO has been the subject of a number of recent research reports. 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) opened at 279.00 on Monday. 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 266.1 and its 200-day moving average is GBX 286.0. The company’s market cap is £2.990 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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