Melrose Industries Plc Rating Reiterated by RBC Capital (MRO)
Melrose Industries Plc (LON:MRO)‘s stock had its “outperform” rating reissued by research analysts at RBC Capital in a report released on Tuesday. They currently have a GBX 330 ($5.46) price objective on the stock. RBC Capital’s target price would suggest a potential upside of 17.90% from the stock’s previous close.
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 ($5.38) 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 ($5.79) 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 an average rating of “Buy” and an average target price of GBX 326 ($5.39).
Melrose Industries Plc (LON:MRO) opened at 280.20 on Tuesday. 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. and its 200-day moving average is GBX 284.. The company’s market cap is £3.003 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.