Melrose Industries (MRO) Receives Hold Rating from Deutsche Bank
Melrose Industries (LON:MRO)‘s stock had its “hold” rating reissued by equities research analysts at Deutsche Bank in a research report issued to clients and investors on Monday. They presently have a GBX 220 ($2.98) price objective on the stock. Deutsche Bank’s target price indicates a potential downside of 4.60% from the company’s current price.
A number of other analysts have also recently commented on the company. Liberum Capital restated a “buy” rating and issued a GBX 260 ($3.53) price objective on shares of Melrose Industries in a research report on Tuesday, November 21st. Peel Hunt restated a “buy” rating and issued a GBX 240 ($3.25) price objective on shares of Melrose Industries in a research report on Tuesday, October 31st. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 250 ($3.39) price target on shares of Melrose Industries in a research report on Wednesday, November 22nd. Numis Securities reiterated a “buy” rating and set a GBX 250 ($3.39) price target on shares of Melrose Industries in a research report on Monday, December 4th. Finally, Royal Bank of Canada dropped their price target on Melrose Industries from GBX 240 ($3.25) to GBX 235 ($3.19) and set an “outperform” rating for the company in a research report on Friday, November 24th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 258.64 ($3.51).
Melrose Industries (LON:MRO) traded up GBX 3.10 ($0.04) during trading on Monday, hitting GBX 230.60 ($3.13). The stock had a trading volume of 16,062,645 shares, compared to its average volume of 5,630,000. Melrose Industries has a 1-year low of GBX 2.13 ($0.03) and a 1-year high of GBX 261.90 ($3.55).
Melrose Industries Company Profile
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