Melrose Industries PLC (LON:MRO – Get Free Report) crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of GBX 475 and traded as high as GBX 481.50. Melrose Industries shares last traded at GBX 479.70, with a volume of 2,946,589 shares traded.
Wall Street Analysts Forecast Growth
MRO has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Melrose Industries from GBX 570 to GBX 575 and gave the stock a “hold” rating in a research note on Wednesday, August 19th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 800 price target on shares of Melrose Industries in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 708.33.
Read Our Latest Research Report on Melrose Industries
Melrose Industries Stock Up 1.8%
The company has a debt-to-equity ratio of 71.81, a quick ratio of 0.45 and a current ratio of 1.07. The company has a market cap of £6.09 billion, a PE ratio of 38.16, a PEG ratio of 0.48 and a beta of 0.89. The firm has a fifty day simple moving average of GBX 475 and a 200 day simple moving average of GBX 506.96.
Melrose Industries Company Profile
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.
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