Melrose Industries PLC (LON:MRO) was downgraded by stock analysts at BNP Paribas to a “neutral” rating in a note issued to investors on Tuesday. They presently have a GBX 250 ($3.26) price target on the stock. BNP Paribas’ price objective points to a potential upside of 5.98% from the stock’s previous close.
MRO has been the subject of a number of other reports. Liberum Capital reaffirmed a “buy” rating and issued a GBX 260 ($3.40) target price on shares of Melrose Industries PLC in a report on Thursday, March 23rd. J P Morgan Chase & Co reduced their target price on shares of Melrose Industries PLC from GBX 250 ($3.26) to GBX 230 ($3.00) and set an “overweight” rating for the company in a report on Tuesday, July 4th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Melrose Industries PLC in a report on Monday, July 10th. Barclays PLC reaffirmed an “overweight” rating on shares of Melrose Industries PLC in a report on Tuesday, March 21st. Finally, Beaufort Securities reaffirmed a “buy” rating on shares of Melrose Industries PLC in a report on Friday, May 12th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of GBX 253.33 ($3.31).
Shares of Melrose Industries PLC (LON MRO) opened at 235.30 on Tuesday. Melrose Industries PLC has a 12 month low of GBX 117.43 and a 12 month high of GBX 261.70. The firm’s 50-day moving average price is GBX 243.77 and its 200 day moving average price is GBX 226.43. The firm’s market capitalization is GBX 4.44 billion.
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In other news, insider David Alexander Roper sold 2,000,000 shares of the business’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of GBX 255 ($3.33), for a total transaction of £5,100,000 ($6,659,702.27).
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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