Shares of Melrose Industries PLC (LON:MRO) have received a consensus recommendation of “Buy” from the nine research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is GBX 258.33 ($3.35).
MRO has been the subject of a number of recent research reports. Liberum Capital restated a “buy” rating and set a GBX 260 ($3.37) price target on shares of Melrose Industries PLC in a research note on Friday, March 17th. Barclays PLC reiterated an “overweight” rating on shares of Melrose Industries PLC in a research note on Tuesday, March 21st. J P Morgan Chase & Co reduced their target price on shares of Melrose Industries PLC from GBX 250 ($3.24) to GBX 230 ($2.98) and set an “overweight” rating for the company in a research note on Friday, April 7th. Panmure Gordon reiterated a “buy” rating and issued a GBX 355 ($4.60) target price on shares of Melrose Industries PLC in a research note on Tuesday, April 25th. Finally, Beaufort Securities reiterated a “buy” rating on shares of Melrose Industries PLC in a research note on Friday, May 12th.
Shares of Melrose Industries PLC (MRO) traded up 0.08% during midday trading on Friday, hitting GBX 237.30. 4,809,184 shares of the stock traded hands. The firm has a 50-day moving average price of GBX 242.52 and a 200-day moving average price of GBX 221.46. Melrose Industries PLC has a 52 week low of GBX 101.60 and a 52 week high of GBX 261.90. The stock’s market capitalization is GBX 4.48 billion.
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In related news, insider David Alexander Roper sold 2,000,000 shares of the business’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of GBX 255 ($3.30), for a total value of £5,100,000 ($6,606,217.62).
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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