Matthew Gregory Purchases 46,702 Shares of Melrose Industries (LON:MRO) Stock

Melrose Industries PLC (LON:MRO) insider Matthew Gregory acquired 46,702 shares of the company’s stock in a transaction on Wednesday, March 25th. The stock was acquired at an average price of GBX 502 per share, with a total value of £234,444.04.

Melrose Industries Stock Performance

LON MRO opened at GBX 489.70 on Friday. The firm has a 50-day moving average price of GBX 588.50 and a two-hundred day moving average price of GBX 599.02. Melrose Industries PLC has a 12-month low of GBX 376 and a 12-month high of GBX 685. The company has a market capitalization of £6.14 billion, a P/E ratio of 19.91, a P/E/G ratio of 0.48 and a beta of 0.91. The company has a quick ratio of 0.45, a current ratio of 0.98 and a debt-to-equity ratio of 77.89.

Melrose Industries (LON:MRO) last announced its earnings results on Friday, February 27th. The company reported GBX 32.20 EPS for the quarter. Melrose Industries had a net margin of 10.31% and a return on equity of 13.03%. Analysts anticipate that Melrose Industries PLC will post 33.9741641 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft lowered their price objective on Melrose Industries from GBX 620 to GBX 570 and set a “hold” rating on the stock in a research note on Monday, March 23rd. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Melrose Industries has a consensus rating of “Moderate Buy” and a consensus target price of GBX 680.

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. The Structures segment provides civil and defence air frames, including lightweight composite and metallic structures; and electrical distribution systems and components to airframe original equipment manufacturers.