Shares of Melrose Industries PLC (LON:MRO) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 158.73 ($2.07) and traded as high as GBX 177.80 ($2.32). Melrose Industries shares last traded at GBX 174.40 ($2.28), with a volume of 4,417,441 shares traded.
A number of brokerages have recently weighed in on MRO. Barclays reiterated an “overweight” rating on shares of Melrose Industries in a research report on Thursday, January 14th. Citigroup restated a “buy” rating and set a GBX 220 ($2.87) price target on shares of Melrose Industries in a research report on Thursday, March 11th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell restated a “buy” rating and set a GBX 220 ($2.87) price target on shares of Melrose Industries in a research report on Thursday, March 11th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Melrose Industries presently has an average rating of “Buy” and a consensus price target of GBX 163.71 ($2.14).
The company has a quick ratio of 0.58, a current ratio of 0.94 and a debt-to-equity ratio of 52.50. The company has a fifty day simple moving average of GBX 173.11 and a 200 day simple moving average of GBX 159. The firm has a market capitalization of £8.40 billion and a P/E ratio of -15.65.
The firm also recently declared a dividend, which will be paid on Wednesday, May 19th. Stockholders of record on Thursday, April 1st will be paid a GBX 0.75 ($0.01) dividend. This represents a dividend yield of 0.42%. The ex-dividend date of this dividend is Thursday, April 1st.
Melrose Industries Company Profile (LON:MRO)
Melrose Industries PLC engages in the aerospace, automotive, powder metallurgy, air management, and other industrial businesses. Its Aerospace segment provides airframe and engine structures, and electrical interconnection systems for the aerospace industry in civil airframe and defense platforms. The company's Automotive segment is involved in the design, development, manufacturing, and integration of driveline technologies; and electric powertrains and intelligent all-wheel drive systems.
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