Melrose Industries (LON:MRO) had its target price lifted by JPMorgan Chase from GBX 250 ($3.35) to GBX 260 ($3.49) in a research report report published on Monday morning. The brokerage currently has an overweight rating on the stock.
A number of other research analysts have also weighed in on the company. Peel Hunt reaffirmed a buy rating and set a GBX 240 ($3.22) price objective on shares of Melrose Industries in a research report on Monday, March 19th. Liberum Capital reaffirmed a buy rating and set a GBX 260 ($3.49) price objective on shares of Melrose Industries in a research report on Tuesday, February 20th. Deutsche Bank reaffirmed a hold rating on shares of Melrose Industries in a research report on Friday, March 23rd. Finally, Numis Securities reaffirmed a buy rating and set a GBX 250 ($3.35) price objective on shares of Melrose Industries in a research report on Wednesday, February 14th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of GBX 258.33 ($3.47).
Melrose Industries opened at GBX 220 ($2.95) on Monday, MarketBeat Ratings reports. Melrose Industries has a twelve month low of GBX 2.13 ($0.03) and a twelve month high of GBX 261.90 ($3.51).
About Melrose Industries
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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