Melrose Industries PLC (LON:MRO) Given Average Rating of “Buy” by Brokerages
Shares of Melrose Industries PLC (LON:MRO) have earned a consensus rating of “Buy” from the eleven analysts that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is GBX 261.43 ($3.45).
MRO has been the topic of several analyst reports. J P Morgan Chase & Co cut their price target on shares of Melrose Industries PLC from GBX 250 ($3.30) to GBX 230 ($3.03) and set an “overweight” rating on the stock in a research report on Tuesday, July 4th. Deutsche Bank AG reissued a “hold” rating on shares of Melrose Industries PLC in a research report on Monday, July 10th. Liberum Capital reissued a “buy” rating and set a GBX 260 ($3.43) price target on shares of Melrose Industries PLC in a research report on Thursday, May 11th. BNP Paribas cut shares of Melrose Industries PLC to a “neutral” rating and set a GBX 250 ($3.30) price target on the stock. in a research report on Tuesday, July 18th. Finally, Beaufort Securities reissued a “buy” rating on shares of Melrose Industries PLC in a research report on Friday, May 12th.
Melrose Industries PLC (LON MRO) traded up 0.26% during trading on Tuesday, reaching GBX 233.00. 1,799,859 shares of the company’s stock traded hands. The firm’s market cap is GBX 4.40 billion. Melrose Industries PLC has a 12 month low of GBX 128.74 and a 12 month high of GBX 261.90. The firm has a 50 day moving average price of GBX 241.95 and a 200-day moving average price of GBX 228.56.
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In related news, insider David Alexander Roper sold 2,000,000 shares of the company’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of GBX 255 ($3.36), for a total value of £5,100,000 ($6,727,344.68).
Melrose Industries PLC Company Profile
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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