Melrose Industries PLC (MRO) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of Melrose Industries PLC (LON:MRO) have been given a consensus recommendation of “Buy” by the twelve ratings firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is GBX 260.91 ($3.43).
MRO has been the topic of a number of analyst reports. J P Morgan Chase & Co decreased their price target on Melrose Industries PLC from GBX 250 ($3.29) to GBX 230 ($3.02) and set an “overweight” rating on the stock in a research note on Tuesday, July 4th. Beaufort Securities reissued a “buy” rating on shares of Melrose Industries PLC in a research note on Friday, September 1st. Deutsche Bank AG reissued a “hold” rating and set a GBX 220 ($2.89) target price on shares of Melrose Industries PLC in a research note on Friday. Peel Hunt reissued a “buy” rating and set a GBX 240 ($3.16) target price on shares of Melrose Industries PLC in a research note on Wednesday, September 6th. Finally, Numis Securities Ltd reissued a “buy” rating and set a GBX 290 ($3.81) target price on shares of Melrose Industries PLC in a research note on Friday, September 1st.
Melrose Industries PLC (LON:MRO) traded down 1.51% during trading on Friday, hitting GBX 221.40. The company’s stock had a trading volume of 5,766,864 shares. The firm has a 50 day moving average of GBX 212.99 and a 200 day moving average of GBX 230.99. Melrose Industries PLC has a 12 month low of GBX 162.00 and a 12 month high of GBX 261.70. The firm’s market cap is GBX 4.20 billion.
The company also recently declared a dividend, which was paid on Friday, October 6th. Investors of record on Thursday, September 7th were given a dividend of GBX 1.40 ($0.02) per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a dividend yield of 0.64%.
Melrose Industries PLC Company Profile
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