Melrose Industries (LON:MRO)‘s stock had its “buy” rating reissued by Peel Hunt in a research note issued to investors on Friday.
Several other equities research analysts also recently issued reports on the stock. Royal Bank of Canada reissued a “top pick” rating on shares of Melrose Industries in a research report on Friday, February 1st. Bank of America lowered their price objective on shares of Melrose Industries from GBX 250 ($3.27) to GBX 240 ($3.14) and set a “buy” rating for the company in a research report on Tuesday, January 8th. Goldman Sachs Group lowered their price objective on shares of Melrose Industries from GBX 240 ($3.14) to GBX 230 ($3.01) and set a “conviction-buy” rating for the company in a research report on Tuesday, January 8th. JPMorgan Chase & Co. lowered their price objective on shares of Melrose Industries from GBX 285 ($3.72) to GBX 245 ($3.20) and set an “overweight” rating for the company in a research report on Tuesday, December 4th. Finally, UBS Group reissued a “buy” rating on shares of Melrose Industries in a research report on Friday, March 8th. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of GBX 250.50 ($3.27).
Shares of MRO stock opened at GBX 188 ($2.46) on Friday. The company has a quick ratio of 0.76, a current ratio of 1.17 and a debt-to-equity ratio of 46.15. Melrose Industries has a 12-month low of GBX 145.95 ($1.91) and a 12-month high of GBX 248.80 ($3.25). The firm has a market cap of $9.13 billion and a PE ratio of -15.67.
In other Melrose Industries news, insider David Alexander Roper bought 643,602 shares of the firm’s stock in a transaction that occurred on Tuesday, December 18th. The stock was acquired at an average price of GBX 155 ($2.03) per share, with a total value of £997,583.10 ($1,303,519.01).
About Melrose Industries
Melrose Industries PLC engages in the aerospace, automotive, powder metallurgy, air and security, and other industrial businesses. Its Aerospace segment supplies airframe and engine structures, landing gears, specialist technologies, and aftermarket services for commercial and military aircraft. The company's Automotive segment designs, develops, manufactures, and integrates driveline technologies for car manufacturers; and operates as an all-wheel drive systems integrator and electric powertrain systems engineer.
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