Melrose Industries (MRO) Given “Overweight” Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their overweight rating on shares of Melrose Industries (LON:MRO) in a research note published on Friday morning. The brokerage currently has a GBX 250 ($3.34) target price on the stock.

Other analysts also recently issued reports about the company. Numis Securities reissued a buy rating and issued a GBX 250 ($3.34) price objective on shares of Melrose Industries in a research note on Monday, December 4th. Liberum Capital reissued a buy rating and issued a GBX 260 ($3.48) price objective on shares of Melrose Industries in a research note on Tuesday, November 21st. Peel Hunt reissued a buy rating and issued a GBX 240 ($3.21) price objective on shares of Melrose Industries in a research note on Tuesday, October 31st. Deutsche Bank reissued a hold rating and issued a GBX 220 ($2.94) price objective on shares of Melrose Industries in a research note on Monday, December 4th. Finally, Royal Bank of Canada lowered their price objective on Melrose Industries from GBX 240 ($3.21) to GBX 235 ($3.14) and set an outperform rating for the company in a research note on Friday, November 24th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of Buy and an average target price of GBX 253.33 ($3.39).

Shares of Melrose Industries (LON:MRO) opened at GBX 217.60 ($2.91) on Friday. Melrose Industries has a 52 week low of GBX 2.13 ($0.03) and a 52 week high of GBX 261.90 ($3.50).

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