Melrose Industries (LON:MRO)‘s stock had its “buy” rating reaffirmed by equities researchers at Liberum Capital in a research note issued to investors on Tuesday. They currently have a GBX 260 ($3.72) price objective on the stock. Liberum Capital’s price target points to a potential upside of 16.28% from the stock’s previous close.
A number of other brokerages also recently issued reports on MRO. Peel Hunt restated a “buy” rating and set a GBX 240 ($3.44) price objective on shares of Melrose Industries in a research report on Wednesday, January 17th. Deutsche Bank restated a “hold” rating and set a GBX 220 ($3.15) price objective on shares of Melrose Industries in a research report on Monday, January 15th. Numis Securities restated a “buy” rating and set a GBX 250 ($3.58) price objective on shares of Melrose Industries in a research report on Wednesday, February 21st. Finally, JPMorgan Chase restated an “overweight” rating and set a GBX 250 ($3.58) price objective on shares of Melrose Industries in a research report on Friday, January 5th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of GBX 258.50 ($3.70).
Shares of MRO stock opened at GBX 223.60 ($3.20) on Tuesday. Melrose Industries has a 1 year low of GBX 2.13 ($0.03) and a 1 year high of GBX 261.90 ($3.75).
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Melrose Industries Company Profile
Melrose Industries PLC, together with its subsidiaries, designs and manufactures electricity generating equipment for the power generation, industrial, oil and gas, and offshore sectors in the United Kingdom, Europe, North America, and internationally. It operates through four segments: Energy, Air Management, Security & Smart Technology, and Ergonomics.
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