Melrose Industries PLC (MRO) Receives Average Rating of “Buy” from Brokerages

Melrose Industries PLC (LON:MRO) has been assigned a consensus rating of “Buy” from the nine brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 252.86 ($3.20).

Several brokerages recently commented on MRO. Deutsche Bank AG boosted their price objective on shares of Melrose Industries PLC from GBX 180 ($2.28) to GBX 220 ($2.78) and gave the company a “hold” rating in a research note on Monday, March 6th. Liberum Capital reaffirmed a “hold” rating and set a GBX 200 ($2.53) price objective on shares of Melrose Industries PLC in a research note on Thursday, March 2nd. J P Morgan Chase & Co lifted their target price on shares of Melrose Industries PLC from GBX 194 ($2.45) to GBX 250 ($3.16) and gave the company an “overweight” rating in a research report on Friday, March 3rd. Panmure Gordon reiterated a “buy” rating and set a GBX 355 ($4.49) target price on shares of Melrose Industries PLC in a research report on Tuesday, April 25th. Finally, Beaufort Securities reiterated a “buy” rating on shares of Melrose Industries PLC in a research report on Friday, May 12th.

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Shares of Melrose Industries PLC (LON MRO) traded up 1.94% during midday trading on Monday, reaching GBX 249.25. 96,474,340 shares of the company’s stock were exchanged. Melrose Industries PLC has a one year low of GBX 72.49 and a one year high of GBX 251.00. The stock’s market cap is GBX 4.70 billion. The company’s 50-day moving average is GBX 238.99 and its 200-day moving average is GBX 216.65.

Melrose Industries PLC Company Profile

Melrose Industries PLC is a United Kingdom-based company, which is engaged in buying manufacturing businesses. The Company operates through an Energy segment, which includes the Brush business that is a specialist supplier of energy industrial products to the global market. The Company’s Brush Turbogenerators is an independent manufacturer of electricity generating equipment for the power generation, industrial, oil and gas, and offshore sectors, and also supplies switchgear, transformers and other power infrastructure equipment.

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