Analysts Set Melrose Industries PLC (MRO) PT at $258.50

Shares of Melrose Industries PLC (LON:MRO) have been assigned a consensus rating of “Buy” from the eleven brokerages that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is GBX 258.50 ($3.57).

Several analysts recently issued reports on MRO shares. Liberum Capital reissued a “buy” rating and issued a GBX 260 ($3.59) target price on shares of Melrose Industries in a research note on Tuesday, November 21st. Peel Hunt restated a “buy” rating and issued a GBX 240 ($3.32) price objective on shares of Melrose Industries in a report on Thursday, January 4th. Deutsche Bank restated a “hold” rating and issued a GBX 220 ($3.04) price objective on shares of Melrose Industries in a report on Monday, January 15th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 250 ($3.45) price objective on shares of Melrose Industries in a report on Wednesday, November 22nd. Finally, Numis Securities restated a “buy” rating and issued a GBX 250 ($3.45) price objective on shares of Melrose Industries in a report on Monday, December 4th.

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Melrose Industries (LON MRO) traded up GBX 8.60 ($0.12) during midday trading on Wednesday, hitting GBX 224.20 ($3.10). The company had a trading volume of 26,443,671 shares, compared to its average volume of 14,820,000. Melrose Industries has a 12 month low of GBX 2.13 ($0.03) and a 12 month high of GBX 261.90 ($3.62).

The business also recently disclosed a dividend, which will be paid on Monday, May 21st. Shareholders of record on Thursday, April 5th will be issued a GBX 2.80 ($0.04) dividend. The ex-dividend date is Thursday, April 5th. This is a positive change from Melrose Industries’s previous dividend of $1.40. This represents a yield of 1.23%.

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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.

Analyst Recommendations for Melrose Industries (LON:MRO)

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