Melrose Industries (LON:MRO) Reaches New 1-Year Low – Should You Sell?

Melrose Industries PLC (LON:MRO) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 445.30 and last traded at GBX 452.94, with a volume of 3156688 shares traded. The stock had previously closed at GBX 460.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reduced their price target on Melrose Industries from GBX 620 to GBX 570 and set a “hold” rating on the stock in a research report on Monday, March 23rd. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 680.

Melrose Industries Trading Down 1.5%

The stock has a market capitalization of £5.65 billion, a P/E ratio of 15.62, a price-to-earnings-growth ratio of 0.48 and a beta of 0.87. The stock has a 50-day moving average price of GBX 505.29 and a two-hundred day moving average price of GBX 565.27. The company has a debt-to-equity ratio of 67.32, a quick ratio of 0.45 and a current ratio of 0.98.

Insider Transactions at Melrose Industries

In other Melrose Industries news, insider Ian Barkshire acquired 15,700 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were purchased at an average cost of GBX 481 per share, for a total transaction of £75,517. Also, insider Matthew Gregory bought 46,702 shares of the stock in a transaction dated Wednesday, March 25th. The stock was purchased at an average price of GBX 502 per share, with a total value of £234,444.04. In the last three months, insiders have acquired 82,402 shares of company stock worth $40,516,104. 2.56% of the stock is currently owned by insiders.

About Melrose Industries

Melrose Industries PLC, together with its subsidiaries, provides aerospace components and systems to civil and defence markets in the United Kingdom, rest of Europe, North America, and internationally. The company operates through two segments, Engines and Structures. The Engines segment offers structural engineered components; parts repair; and commercial and aftermarket contracts to engines original equipment manufacturers. The Structures segment provides civil and defence air frames, including lightweight composite and metallic structures; and electrical distribution systems and components to airframe original equipment manufacturers.