Several brokerages have updated their recommendations and price targets on shares of Melrose Industries PLC (LON: MRO) in the last few weeks:

  • 9/6/2017 – Melrose Industries PLC had its “buy” rating reaffirmed by analysts at Peel Hunt. They now have a GBX 240 ($3.10) price target on the stock.
  • 9/1/2017 – Melrose Industries PLC had its “buy” rating reaffirmed by analysts at Beaufort Securities.
  • 9/1/2017 – Melrose Industries PLC had its “buy” rating reaffirmed by analysts at Numis Securities Ltd. They now have a GBX 290 ($3.75) price target on the stock.
  • 9/1/2017 – Melrose Industries PLC had its “overweight” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a GBX 250 ($3.23) price target on the stock.
  • 8/31/2017 – Melrose Industries PLC had its “buy” rating reaffirmed by analysts at Peel Hunt. They now have a GBX 240 ($3.10) price target on the stock.
  • 8/31/2017 – Melrose Industries PLC had its “buy” rating reaffirmed by analysts at Liberum Capital. They now have a GBX 260 ($3.36) price target on the stock.
  • 8/25/2017 – Melrose Industries PLC had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a GBX 220 ($2.84) price target on the stock.
  • 8/17/2017 – Melrose Industries PLC had its “overweight” rating reaffirmed by analysts at Barclays PLC. They now have a GBX 255 ($3.29) price target on the stock.
  • 8/2/2017 – Melrose Industries PLC is now covered by analysts at Goldman Sachs Group, Inc. (The). They set a “buy” rating and a GBX 270 ($3.49) price target on the stock.
  • 7/24/2017 – Melrose Industries PLC had its “overweight” rating reaffirmed by analysts at J P Morgan Chase & Co.
  • 7/18/2017 – Melrose Industries PLC was downgraded by analysts at BNP Paribas to a “neutral” rating. They now have a GBX 250 ($3.23) price target on the stock.
  • 7/10/2017 – Melrose Industries PLC had its “hold” rating reaffirmed by analysts at Deutsche Bank AG.

Shares of Melrose Industries PLC (LON MRO) traded up 0.24% during mid-day trading on Friday, reaching GBX 212.50. 5,158,639 shares of the company were exchanged. Melrose Industries PLC has a 12 month low of GBX 155.75 and a 12 month high of GBX 261.70. The firm’s market capitalization is GBX 4.01 billion. The company’s 50 day moving average price is GBX 229.07 and its 200 day moving average price is GBX 233.15.

The company also recently declared a dividend, which will be paid on Friday, October 6th. Stockholders of record on Thursday, September 7th will be issued a dividend of GBX 1.40 ($0.02) per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a dividend yield of 0.64%.

In other Melrose Industries PLC news, insider David Alexander Roper sold 2,000,000 shares of the business’s stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of GBX 255 ($3.29), for a total value of £5,100,000 ($6,586,594.34).

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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