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Melrose Industries Plc (LON:MRO) declared a dividend on Thursday, August 28th, AnalystRatingsNetwork reports. Stockholders of record on Wednesday, September 17th will be given a dividend of GBX 2.80 ($0.05) per share on Thursday, October 16th. This represents a yield of 1.01%. The ex-dividend date of this dividend is Wednesday, September 17th. The official announcement can be seen at this link.

Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Melrose Industries Plc in a research note on Thursday. They now have a GBX 333 ($5.51) price target on the stock. On the ratings front, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Melrose Industries Plc in a research note on Thursday. They now have a GBX 400 ($6.62) price target on the stock. Finally, analysts at Liberum Capital reiterated a “buy” rating on shares of Melrose Industries Plc in a research note on Thursday. They now have a GBX 330 ($5.46) price target on the stock. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Melrose Industries Plc has an average rating of “Buy” and an average target price of GBX 326.80 ($5.41).

Melrose Industries Plc (LON:MRO) traded down 0.61% on Thursday, hitting GBX 277.00. 4,477,240 shares of the company’s stock traded hands. Melrose Industries Plc has a 52 week low of GBX 246.70 and a 52 week high of GBX 382.20. The stock has a 50-day moving average of GBX 267.1 and a 200-day moving average of GBX 283.4. The company’s market cap is £2.969 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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