Melrose Industries PLC’s (MRO) “Overweight” Rating Reiterated at J P Morgan Chase & Co
Melrose Industries PLC (LON:MRO)‘s stock had its “overweight” rating reissued by research analysts at J P Morgan Chase & Co in a report released on Monday.
Several other research firms have also recently weighed in on MRO. Beaufort Securities reissued a “buy” rating on shares of Melrose Industries PLC in a research report on Friday, May 12th. BNP Paribas cut Melrose Industries PLC to a “neutral” rating and set a GBX 250 ($3.26) price objective on the stock. in a research report on Tuesday, July 18th. Liberum Capital reissued a “buy” rating and issued a GBX 260 ($3.39) price objective on shares of Melrose Industries PLC in a research report on Thursday, May 11th. Deutsche Bank AG reissued a “hold” rating on shares of Melrose Industries PLC in a research report on Monday, July 10th. Finally, Panmure Gordon reissued a “buy” rating and issued a GBX 355 ($4.62) price objective on shares of Melrose Industries PLC in a research report on Tuesday, April 25th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of GBX 253.33 ($3.30).
Shares of Melrose Industries PLC (MRO) traded up 0.04% during midday trading on Monday, reaching GBX 231.50. The company’s stock had a trading volume of 3,704,641 shares. Melrose Industries PLC has a one year low of GBX 115.73 and a one year high of GBX 261.90. The stock’s market cap is GBX 4.37 billion. The firm has a 50-day moving average of GBX 243.24 and a 200-day moving average of GBX 226.50.
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In related news, insider David Alexander Roper sold 2,000,000 shares of the stock in a transaction dated Monday, June 26th. The stock was sold at an average price of GBX 255 ($3.32), for a total transaction of £5,100,000 ($6,644,085.46).
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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