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Melrose Industries Plc (LON: MRO) received a number of ratings updates from brokerages and research firms in the last week:

  • Melrose Industries Plc had its “outperform” rating reaffirmed by analysts at RBC Capital. They now have a GBX 330 ($5.48) price target on the stock.
  • Melrose Industries Plc had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a GBX 400 ($6.64) price target on the stock.
  • Melrose Industries Plc had its “overweight” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a GBX 333 ($5.53) price target on the stock.
  • Melrose Industries Plc had its price target raised by analysts at Investec from GBX 325 ($5.39) to GBX 330 ($5.48). They now have a “buy” rating on the stock.
  • Melrose Industries Plc had its “buy” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 330 ($5.48) price target on the stock.
  • Melrose Industries Plc had its “buy” rating reaffirmed by analysts at Beaufort Securities.

Shares of Melrose Industries Plc (LON:MRO) traded down 0.62% on Tuesday, hitting GBX 274.60. 2,339,175 shares of the company’s stock traded hands. Melrose Industries Plc has a one year low of GBX 246.70 and a one year high of GBX 382.20. The stock has a 50-day moving average of GBX 268.0 and a 200-day moving average of GBX 282.9. The company’s market cap is £2.943 billion.

The company also recently announced a dividend, which is scheduled for Thursday, October 16th. Shareholders of record on Wednesday, September 17th will be paid a dividend of GBX 2.80 ($0.05) per share. This represents a dividend yield of 1.01%. The ex-dividend date of this dividend 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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