Liberum Capital Lowers Melrose Industries PLC (MRO) to Hold
Melrose Industries PLC (LON:MRO) was downgraded by equities research analysts at Liberum Capital to a “hold” rating in a research report issued on Wednesday.
A number of other equities analysts have also commented on the company. Numis Securities Ltd reiterated a “hold” rating on shares of Melrose Industries PLC in a research note on Tuesday, August 9th. Beaufort Securities reiterated a “buy” rating on shares of Melrose Industries PLC in a research note on Tuesday, August 9th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Melrose Industries PLC in a research note on Thursday, September 1st. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of GBX 342.50 ($4.24).
Shares of Melrose Industries PLC (LON:MRO) opened at 181.00 on Wednesday. Melrose Industries PLC has a one year low of GBX 51.65 and a one year high of GBX 187.50. The company has a 50 day moving average price of GBX 164.90 and a 200 day moving average price of GBX 109.76. The company’s market cap is GBX 490.87 million.
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In related news, insider Lis,David acquired 100,000 shares of the stock in a transaction dated Friday, September 2nd. The shares were bought at an average cost of GBX 152 ($1.88) per share, for a total transaction of £152,000 ($188,118.81).
About Melrose Industries PLC
Melrose Industries PLC is a United Kingdom-based company, which is engaged in buying manufacturing businesses. The Company operates through an Energy segment, which includes the Brush business that is a specialist supplier of energy industrial products to the global market. The Company’s Brush Turbogenerators is an independent manufacturer of electricity generating equipment for the power generation, industrial, oil and gas, and offshore sectors, and also supplies switchgear, transformers and other power infrastructure equipment.
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