Melrose Industries PLC (MRO) Given Average Recommendation of “Buy” by Brokerages
Shares of Melrose Industries PLC (LON:MRO) have been given a consensus recommendation of “Buy” by the nine research firms that are presently covering the firm. One investment analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is GBX 252.86 ($3.26).
Several analysts recently commented on MRO shares. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 294 ($3.80) price target on shares of Melrose Industries PLC in a research note on Wednesday, February 8th. Peel Hunt boosted their price objective on Melrose Industries PLC from GBX 210 ($2.71) to GBX 240 ($3.10) and gave the stock a “buy” rating in a research note on Tuesday, January 17th. Liberum Capital reissued a “hold” rating and issued a GBX 200 ($2.58) price objective on shares of Melrose Industries PLC in a research note on Thursday, March 2nd. Deutsche Bank AG boosted their price objective on Melrose Industries PLC from GBX 180 ($2.32) to GBX 220 ($2.84) and gave the stock a “hold” rating in a research note on Monday, March 6th. Finally, Barclays PLC reissued an “overweight” rating on shares of Melrose Industries PLC in a research note on Tuesday, March 21st.
Shares of Melrose Industries PLC (LON:MRO) traded up 0.84% during trading on Tuesday, reaching GBX 238.75. The company had a trading volume of 2,344,155 shares. Melrose Industries PLC has a 12 month low of GBX 70.20 and a 12 month high of GBX 250.50. The stock has a 50 day moving average price of GBX 232.98 and a 200 day moving average price of GBX 205.76. The firm’s market capitalization is GBX 4.50 billion.
The firm also recently declared a dividend, which will be paid on Tuesday, May 16th. Shareholders of record on Thursday, April 6th will be issued a GBX 1.90 ($0.02) dividend. This is an increase from Melrose Industries PLC’s previous dividend of $1.40. This represents a dividend yield of 0.79%. The ex-dividend date is Thursday, April 6th.
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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