Melrose Industries (LON:MRO) Stock Passes Above 200-Day Moving Average – Time to Sell?

Melrose Industries PLC (LON:MRO)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 568.57 and traded as high as GBX 573.20. Melrose Industries shares last traded at GBX 567, with a volume of 169,926,719 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on MRO shares. JPMorgan Chase & Co. raised their price objective on Melrose Industries from GBX 600 to GBX 750 and gave the stock an “overweight” rating in a research note on Monday, November 17th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Melrose Industries from GBX 585 to GBX 620 and gave the company a “hold” rating in a report on Monday, September 8th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Melrose Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 692.50.

Melrose Industries Stock Performance

The company has a quick ratio of 0.45, a current ratio of 0.86 and a debt-to-equity ratio of 44.03. The business has a 50 day moving average price of GBX 611.43 and a two-hundred day moving average price of GBX 568.57. The stock has a market cap of £7.15 billion, a P/E ratio of 23.05, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51.

About Melrose Industries

Melrose Industries PLC, together with its subsidiaries, provides aerospace components and systems to civil and defence markets in the United Kingdom, rest of Europe, North America, and internationally. The company operates through two segments, Engines and Structures. The Engines segment offers structural engineered components; parts repair; and commercial and aftermarket contracts to engines original equipment manufacturers.