Melrose Industries PLC (LON:MRO) has been given an average recommendation of “Buy” by the twelve ratings firms that are presently covering the firm, MarketBeat Ratings reports. Twelve research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is GBX 255 ($3.33).
Several analysts have recently issued reports on MRO shares. UBS Group reissued a “buy” rating on shares of Melrose Industries in a research report on Thursday, September 12th. Bank of America reissued a “buy” rating and issued a GBX 230 ($3.01) price target on shares of Melrose Industries in a research report on Thursday, October 10th. Peel Hunt upped their target price on shares of Melrose Industries from GBX 240 ($3.14) to GBX 250 ($3.27) and gave the stock a “buy” rating in a report on Tuesday, November 26th. BNP Paribas raised shares of Melrose Industries to an “outperform” rating and set a GBX 270 ($3.53) target price on the stock in a report on Thursday, November 28th. Finally, Investec reaffirmed a “buy” rating on shares of Melrose Industries in a report on Monday, October 14th.
Shares of LON MRO traded up GBX 3 ($0.04) during midday trading on Friday, hitting GBX 227 ($2.97). The company’s stock had a trading volume of 8,724,078 shares, compared to its average volume of 14,820,000. The stock has a fifty day moving average price of GBX 220.01 and a 200 day moving average price of GBX 191.41. Melrose Industries has a one year low of GBX 145.95 ($1.91) and a one year high of GBX 238.10 ($3.11). The company has a current ratio of 1.08, a quick ratio of 0.68 and a debt-to-equity ratio of 58.32. The firm has a market capitalization of $11.03 billion and a price-to-earnings ratio of -34.92.
Melrose Industries Company Profile
Melrose Industries PLC engages in the aerospace, automotive, powder metallurgy, air and security, and other industrial businesses. Its Aerospace segment supplies airframe and engine structures, landing gears, specialist technologies, and aftermarket services for commercial and military aircraft. The company's Automotive segment designs, develops, manufactures, and integrates driveline technologies for car manufacturers; and operates as an all-wheel drive systems integrator and electric powertrain systems engineer.
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