Melrose Industries PLC (MRO) Earns Buy Rating from Liberum Capital
Melrose Industries PLC (LON:MRO)‘s stock had its “buy” rating reissued by investment analysts at Liberum Capital in a research note issued on Tuesday. They currently have a GBX 260 ($3.42) price target on the stock. Liberum Capital’s price target would indicate a potential upside of 29.87% from the stock’s previous close.
Several other research analysts have also issued reports on the stock. J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 250 ($3.29) target price on shares of Melrose Industries PLC in a research note on Friday, September 1st. Peel Hunt restated a “buy” rating and set a GBX 240 ($3.16) price objective on shares of Melrose Industries PLC in a report on Wednesday, September 6th. Numis Securities Ltd reiterated a “buy” rating and issued a GBX 290 ($3.81) target price on shares of Melrose Industries PLC in a report on Friday, September 1st. Beaufort Securities reiterated a “buy” rating on shares of Melrose Industries PLC in a report on Friday, September 1st. Finally, Goldman Sachs Group, Inc. (The) started coverage on shares of Melrose Industries PLC in a report on Wednesday, August 2nd. They issued a “buy” rating and a GBX 270 ($3.55) target price for the company. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of GBX 260.91 ($3.43).
Melrose Industries PLC (LON:MRO) opened at GBX 200.20 ($2.63) on Tuesday. Melrose Industries PLC has a 12 month low of GBX 170.25 ($2.24) and a 12 month high of GBX 261.90 ($3.44).
About Melrose Industries PLC
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