Melrose Industries Plc Earns “Buy” Rating from Beaufort Securities (MRO)
Other equities research analysts have also recently issued reports about 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. Separately, 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 ten have assigned a buy rating to the company. Melrose Industries Plc currently has an average rating of “Buy” and an average price target of GBX 326.80 ($5.41).
Shares of Melrose Industries Plc (LON:MRO) opened at 275.75 on Friday. Melrose Industries Plc has a 1-year low of GBX 246.70 and a 1-year high of GBX 382.20. The stock’s 50-day moving average is GBX 267.1 and its 200-day moving average is GBX 283.4. The company’s market cap is £2.955 billion.
The company also recently declared a dividend, which is scheduled for Thursday, October 16th. Investors of record on Wednesday, September 17th will be given a dividend of GBX 2.80 ($0.05) per share. This represents a yield of 1.01%. The ex-dividend date is Wednesday, September 17th.
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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