Melrose Industries (LON:MRO)‘s stock had its “buy” rating reaffirmed by Numis Securities in a research note issued to investors on Monday. They currently have a GBX 250 ($3.36) price target on the stock. Numis Securities’ target price would indicate a potential upside of 22.13% from the stock’s previous close.

A number of other equities research analysts have also issued reports on MRO. Barclays restated an “overweight” rating and issued a GBX 255 ($3.43) target price on shares of Melrose Industries in a research note on Thursday, August 17th. Deutsche Bank restated a “hold” rating and issued a GBX 220 ($2.96) target price on shares of Melrose Industries in a research note on Friday, August 25th. Liberum Capital restated a “buy” rating and issued a GBX 260 ($3.50) target price on shares of Melrose Industries in a research note on Thursday, August 31st. Peel Hunt restated a “buy” rating and issued a GBX 240 ($3.23) target price on shares of Melrose Industries in a research note on Thursday, August 31st. Finally, J P Morgan Chase & Co restated an “overweight” rating and issued a GBX 250 ($3.36) target price on shares of Melrose Industries in a research note on Friday, September 1st. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of GBX 255.42 ($3.44).

Shares of Melrose Industries (LON MRO) opened at GBX 204.70 ($2.76) on Monday. Melrose Industries has a 12 month low of GBX 2.13 ($0.03) and a 12 month high of GBX 261.90 ($3.52).

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About Melrose Industries

Analyst Recommendations for Melrose Industries (LON:MRO)

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