Melrose Industries PLC (MRO) Receives Average Rating of “Buy” from Analysts
Shares of Melrose Industries PLC (LON:MRO) have been given an average recommendation of “Buy” by the twelve research firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is GBX 260.91 ($3.43).
MRO has been the topic of a number of recent analyst reports. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 220 ($2.89) target price on shares of Melrose Industries PLC in a research report on Friday, August 25th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 240 ($3.16) target price on shares of Melrose Industries PLC in a research report on Tuesday, October 31st. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 255 ($3.35) target price on shares of Melrose Industries PLC in a research report on Thursday, August 17th. BNP Paribas downgraded shares of Melrose Industries PLC to a “neutral” rating and set a GBX 250 ($3.29) price objective on the stock. in a research report on Tuesday, July 18th. Finally, J P Morgan Chase & Co reissued an “overweight” rating on shares of Melrose Industries PLC in a research report on Monday, July 24th.
Melrose Industries PLC (MRO) traded down GBX 5.60 ($0.07) during trading on Thursday, hitting GBX 215.20 ($2.83). 2,942,756 shares of the stock traded hands, compared to its average volume of 4,890,000. Melrose Industries PLC has a fifty-two week low of GBX 162.25 ($2.13) and a fifty-two week high of GBX 261.90 ($3.44).
About Melrose Industries PLC
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