Recent Analysts’ Ratings Updates for Melrose Industries (MRO)

Several brokerages have updated their recommendations and price targets on shares of Melrose Industries (LON: MRO) in the last few weeks:

  • 9/10/2018 – Melrose Industries had its “overweight” rating reaffirmed by analysts at Barclays PLC. They now have a GBX 260 ($3.39) price target on the stock.
  • 9/7/2018 – Melrose Industries had its price target raised by analysts at JPMorgan Chase & Co. from GBX 260 ($3.39) to GBX 280 ($3.65). They now have an “overweight” rating on the stock.
  • 9/7/2018 – Melrose Industries had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a GBX 275 ($3.58) price target on the stock.
  • 9/6/2018 – Melrose Industries had its “buy” rating reaffirmed by analysts at Peel Hunt. They now have a GBX 240 ($3.13) price target on the stock.
  • 9/4/2018 – Melrose Industries had its price target raised by analysts at UBS Group AG from GBX 250 ($3.26) to GBX 270 ($3.52). They now have a “buy” rating on the stock.
  • 8/23/2018 – Melrose Industries had its “overweight” rating reaffirmed by analysts at JPMorgan Chase & Co..
  • 8/17/2018 – Melrose Industries had its “buy” rating reaffirmed by analysts at Deutsche Bank AG.

Shares of MRO stock opened at GBX 218.90 ($2.85) on Tuesday. Melrose Industries PLC has a 12-month low of GBX 2.13 ($0.03) and a 12-month high of GBX 261.90 ($3.41).

Melrose Industries (LON:MRO) last announced its quarterly earnings results on Thursday, September 6th. The company reported GBX 5.80 ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of GBX 4.40 ($0.06) by GBX 1.40 ($0.02). Melrose Industries had a negative net margin of 4.58% and a negative return on equity of 4.75%.

The business also recently disclosed a dividend, which will be paid on Friday, October 12th. Shareholders of record on Thursday, September 13th will be given a GBX 1.55 ($0.02) dividend. This represents a yield of 0.67%. The ex-dividend date of this dividend is Thursday, September 13th.

In related news, insider Archie Kane acquired 50,000 shares of the stock in a transaction on Monday, June 25th. The stock was purchased at an average price of GBX 220 ($2.87) per share, for a total transaction of £110,000 ($143,285.14).

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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