Beaufort Securities Reiterates “Buy” Rating for Melrose Industries PLC (MRO)

Melrose Industries PLC (LON:MRO)‘s stock had its “buy” rating restated by equities researchers at Beaufort Securities in a research report issued to clients and investors on Friday, May 12th.

Other analysts have also recently issued reports about the stock. Liberum Capital reissued a “buy” rating and issued a GBX 260 ($3.29) price objective on shares of Melrose Industries PLC in a research note on Thursday, May 11th. Panmure Gordon reissued a “buy” rating and issued a GBX 355 ($4.49) price objective on shares of Melrose Industries PLC in a research note on Tuesday, April 25th. Peel Hunt increased their price objective on shares of Melrose Industries PLC from GBX 210 ($2.66) to GBX 240 ($3.04) and gave the stock a “buy” rating in a research note on Tuesday, January 17th. Deutsche Bank AG increased their price objective on shares of Melrose Industries PLC from GBX 180 ($2.28) to GBX 220 ($2.78) and gave the stock a “hold” rating in a research note on Monday, March 6th. Finally, J P Morgan Chase & Co reduced their price objective on shares of Melrose Industries PLC from GBX 250 ($3.16) to GBX 230 ($2.91) and set an “overweight” rating for the company in a research note on Friday, April 7th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Melrose Industries PLC has an average rating of “Buy” and a consensus price target of GBX 252.86 ($3.20).

Analyst Recommendations for Melrose Industries PLC (LON:MRO)

Melrose Industries PLC (MRO) opened at 249.25 on Friday. The company’s market capitalization is GBX 4.70 billion. Melrose Industries PLC has a one year low of GBX 72.49 and a one year high of GBX 251.00. The firm has a 50-day moving average of GBX 238.99 and a 200 day moving average of GBX 216.65.

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About Melrose Industries PLC

Melrose Industries PLC is a United Kingdom-based company, which is engaged in buying manufacturing businesses. The Company operates through an Energy segment, which includes the Brush business that is a specialist supplier of energy industrial products to the global market. The Company’s Brush Turbogenerators is an independent manufacturer of electricity generating equipment for the power generation, industrial, oil and gas, and offshore sectors, and also supplies switchgear, transformers and other power infrastructure equipment.

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