Melrose Industries (LON:MRO) Hits New 12-Month Low – Time to Sell?

Melrose Industries PLC (LON:MRO)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 444.30 and last traded at GBX 445.50, with a volume of 2859232 shares changing hands. The stock had previously closed at GBX 453.70.

Analysts Set New Price Targets

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

Melrose Industries Stock Down 1.5%

The company has a debt-to-equity ratio of 67.32, a current ratio of 0.98 and a quick ratio of 0.45. The company has a market capitalization of £5.57 billion, a price-to-earnings ratio of 15.42, a PEG ratio of 0.48 and a beta of 0.86. The firm has a 50-day moving average price of GBX 501.16 and a two-hundred day moving average price of GBX 558.45.

Insider Transactions at Melrose Industries

In other news, insider Ian Barkshire acquired 15,700 shares of Melrose Industries stock in a transaction dated Thursday, April 30th. The stock was bought at an average cost of GBX 481 per share, with a total value of £75,517. Also, insider Alison Goligher purchased 20,000 shares of Melrose Industries stock in a transaction that occurred on Thursday, April 30th. The shares were bought at an average cost of GBX 476 per share, with a total value of £95,200. Insiders bought 82,402 shares of company stock valued at $40,516,104 over the last three months. Company insiders own 2.58% of the company’s stock.

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.