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).

WARNING: This piece of content was originally posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://www.dailypolitical.com/2017/11/21/melrose-industries-plc-mro-earns-buy-rating-from-liberum-capital.html.

About Melrose Industries PLC

Analyst Recommendations for Melrose Industries PLC (LON:MRO)

Receive News & Ratings for Melrose Industries PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Melrose Industries PLC and related companies with MarketBeat.com's FREE daily email newsletter.