Melrose Industries PLC (LON:MRO) has earned a consensus rating of “Buy” from the eleven ratings firms that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 258.50 ($3.57).
A number of analysts recently weighed in on MRO shares. Liberum Capital reaffirmed a “buy” rating and issued a GBX 260 ($3.59) price objective on shares of Melrose Industries in a research note on Tuesday, November 21st. Peel Hunt reaffirmed a “buy” rating and issued a GBX 240 ($3.32) price objective on shares of Melrose Industries in a research note on Thursday, January 4th. Deutsche Bank reaffirmed a “hold” rating and issued a GBX 220 ($3.04) price objective on shares of Melrose Industries in a research note on Monday, January 15th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 250 ($3.45) price objective on shares of Melrose Industries in a research note on Wednesday, November 22nd. Finally, Numis Securities reaffirmed a “buy” rating and issued a GBX 250 ($3.45) price objective on shares of Melrose Industries in a research note on Monday, December 4th.
Shares of Melrose Industries (LON:MRO) opened at GBX 219.10 ($3.03) on Wednesday. Melrose Industries has a one year low of GBX 2.13 ($0.03) and a one year high of GBX 261.90 ($3.62).
About Melrose Industries
Melrose Industries PLC is a United Kingdom-based company that is engaged in buying manufacturing businesses. The Company’s businesses include Nortek and Brush Turbogenerators. It operates through four segments: Energy, which includes the Brush business that is engaged in supplying energy industrial products; Air Management, which includes the Air Quality & Home Solutions business that manufactures ventilation products and the Heating, Ventilation & Air Conditioning business that manufactures and sells split-system and packaged air conditioners, heat pumps, furnaces, air handlers and parts; Security and Smart Technology, which includes the Security & Control business along with the Core Brands and GTO Access Systems businesses; Ergonomics, which includes the Ergotron business that manufactures and distributes products designed with ergonomic features including wall mounts, carts, arms, desk mounts, and stands that attach to or support display devices.
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