Melrose plc Price Target Increased to $4.19 by Analysts at JP Morgan Cazenove (MRO)
JP Morgan Cazenove boosted their price target on shares of Melrose plc (LON: MRO) from $3.83 (255 GBX) to $4.19 (279 GBX) in a research note issued on Friday. The firm currently has an “overweight” rating on the stock.
Separately, analysts at JPMorgan Chase raised their price target on shares of Melrose plc from $3.87 to $4.23 in a research note to investors on Friday. They now have an “overweight” rating on the stock.
Shares of Melrose plc traded up 0.19% during mid-day trading on Friday, hitting GBX 259.20. Melrose plc has a 52-week low of GBX 199.30 and a 52-week high of GBX 445.90. The stock’s 50-day moving average is currently GBX 245.. The company’s market cap is £1.841 billion.
Melrose PLC operates through three divisions: Energy, Lifting and Other Industrial. The Energy segment incorporates the Turbogenerators (including the Hawker Siddeley Switchgear business unit) and Marelli business units, specialist suppliers of energy industrial products to the worldwide market.
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