Melrose Industries Plc’s “Add” Rating Reiterated at Numis Securities Ltd (MRO)
Melrose Industries Plc (LON:MRO)‘s stock had its “add” rating reaffirmed by investment analysts at Numis Securities Ltd in a note issued to investors on Friday. They currently have a GBX 290 ($4.81) price target on the stock. Numis Securities Ltd’s price target would indicate a potential upside of 7.81% from the stock’s previous close.
Melrose Industries Plc (LON:MRO) traded down 0.22% on Friday, hitting GBX 266.60. The stock had a trading volume of 2,065,335 shares. 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 268.6 and a 200-day moving average of GBX 282.3. The company’s market cap is £2.857 billion.
The company also recently announced a dividend, which is scheduled for Thursday, October 16th. Investors 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 is Wednesday, September 17th.
Several other analysts have also recently commented on the stock. Analysts at Beaufort Securities reiterated a “buy” rating on shares of Melrose Industries Plc in a research note on Friday, August 29th. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Melrose Industries Plc in a research note on Thursday, August 28th. They now have a GBX 333 ($5.53) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Melrose Industries Plc in a research note on Thursday, August 28th. They now have a GBX 400 ($6.64) price target on the stock. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Melrose Industries Plc has a consensus rating of “Buy” and a consensus target price of GBX 326.80 ($5.42).
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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