Melrose Industries’ (MRO) Buy Rating Reaffirmed at Peel Hunt

Peel Hunt restated their buy rating on shares of Melrose Industries (LON:MRO) in a research note published on Thursday morning. The firm currently has a GBX 240 ($3.21) target price on the stock.

Several other research analysts also recently weighed in on the stock. Deutsche Bank restated a hold rating and set a GBX 220 ($2.94) price objective on shares of Melrose Industries in a report on Monday, December 4th. Numis Securities restated a buy rating and set a GBX 250 ($3.34) price objective on shares of Melrose Industries in a report on Monday, December 4th. Royal Bank of Canada lowered their price objective on shares of Melrose Industries from GBX 240 ($3.21) to GBX 235 ($3.14) and set an outperform rating on the stock in a report on Friday, November 24th. JPMorgan Chase & Co. restated an overweight rating and set a GBX 250 ($3.34) price objective on shares of Melrose Industries in a report on Wednesday, November 22nd. Finally, Liberum Capital restated a buy rating and set a GBX 260 ($3.48) price objective on shares of Melrose Industries in a report on Tuesday, November 21st. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Melrose Industries has a consensus rating of Buy and an average target price of GBX 253.33 ($3.39).

Melrose Industries (MRO) traded up GBX 1.48 ($0.02) on Thursday, reaching GBX 216.78 ($2.90). 5,090,000 shares of the company’s stock traded hands, compared to its average volume of 4,320,000. Melrose Industries has a 1 year low of GBX 2.13 ($0.03) and a 1 year high of GBX 261.90 ($3.50).

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Melrose Industries Company Profile

Analyst Recommendations for Melrose Industries (LON:MRO)

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