Melrose Industries PLC (MRO) Receives GBX 260.91 Consensus Price Target from Brokerages
Shares of Melrose Industries PLC (LON:MRO) have received an average rating of “Buy” from the twelve research firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is GBX 260.91 ($3.52).
MRO has been the topic of several recent research reports. J P Morgan Chase & Co decreased their price objective on Melrose Industries PLC from GBX 250 ($3.37) to GBX 230 ($3.10) and set an “overweight” rating on the stock in a research note on Tuesday, July 4th. BNP Paribas downgraded Melrose Industries PLC to a “neutral” rating and set a GBX 250 ($3.37) price objective on the stock. in a research note on Tuesday, July 18th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 240 ($3.24) price objective on shares of Melrose Industries PLC in a research note on Thursday, August 31st. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 290 ($3.91) price objective on shares of Melrose Industries PLC in a research note on Friday, September 1st. Finally, Deutsche Bank AG reaffirmed a “hold” rating on shares of Melrose Industries PLC in a research note on Monday, July 10th.
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In other Melrose Industries PLC news, insider David Alexander Roper sold 2,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of GBX 251 ($3.38), for a total transaction of £5,020,000 ($6,768,235.14).
Shares of Melrose Industries PLC (LON:MRO) traded up 0.93% on Wednesday, hitting GBX 206.00. The stock had a trading volume of 4,538,960 shares. Melrose Industries PLC has a 52 week low of GBX 162.00 and a 52 week high of GBX 261.90. The firm has a 50-day moving average price of GBX 223.69 and a 200-day moving average price of GBX 232.74. The stock’s market capitalization is GBX 3.91 billion.
The firm also recently announced a dividend, which will be paid on Friday, October 6th. Investors of record on Thursday, September 7th will be paid a dividend of GBX 1.40 ($0.02) per share. This represents a yield of 0.64%. The ex-dividend date of this dividend is Thursday, September 7th.
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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