Melrose Industries (LON:MRO) Shares Cross Above 200 Day Moving Average – Should You Sell?

Shares of Melrose Industries PLC (LON:MRO) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 594.96 and traded as high as GBX 633. Melrose Industries shares last traded at GBX 625.65, with a volume of 2,741,966 shares.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. boosted their price objective on shares of Melrose Industries from GBX 600 to GBX 750 and gave the stock an “overweight” rating in a research report on Monday, November 17th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Melrose Industries currently has a consensus rating of “Moderate Buy” and an average target price of GBX 692.50.

Melrose Industries Trading Up 1.0%

The company has a market capitalization of £7.92 billion, a price-to-earnings ratio of 25.59, a P/E/G ratio of 0.48 and a beta of 1.51. The company has a debt-to-equity ratio of 44.03, a quick ratio of 0.45 and a current ratio of 0.86. The business’s 50-day simple moving average is GBX 597.42 and its 200-day simple moving average is GBX 594.96.

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.