Melrose Industries PLC (MRO) Receives GBX 260.91 Consensus Price Target from Analysts

Melrose Industries PLC (LON:MRO) has been given an average rating of “Buy” by the twelve brokerages that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 260.91 ($3.43).

MRO has been the topic of a number of recent analyst reports. Goldman Sachs Group, Inc. (The) initiated coverage on Melrose Industries PLC in a report on Wednesday, August 2nd. They set a “buy” rating and a GBX 270 ($3.55) target price on the stock. Peel Hunt restated a “buy” rating and set a GBX 240 ($3.16) target price on shares of Melrose Industries PLC in a report on Tuesday, October 31st. Numis Securities Ltd restated a “buy” rating and set a GBX 290 ($3.81) target price on shares of Melrose Industries PLC in a report on Friday, September 1st. Beaufort Securities restated a “buy” rating on shares of Melrose Industries PLC in a report on Friday, September 1st. Finally, Liberum Capital restated a “buy” rating and set a GBX 260 ($3.42) target price on shares of Melrose Industries PLC in a report on Thursday, August 31st.

Shares of Melrose Industries PLC (MRO) traded up GBX 1.30 ($0.02) on Thursday, reaching GBX 212.60 ($2.80). The company’s stock had a trading volume of 3,195,808 shares, compared to its average volume of 4,730,000. Melrose Industries PLC has a 12-month low of GBX 164 ($2.16) and a 12-month high of GBX 261.90 ($3.44).

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Melrose Industries PLC Company Profile

Analyst Recommendations for Melrose Industries PLC (LON:MRO)

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