Melrose Industries’ (MRO) Buy Rating Reaffirmed at Liberum Capital
Liberum Capital reiterated their buy rating on shares of Melrose Industries (LON:MRO) in a research note issued to investors on Thursday. They currently have a GBX 260 ($3.65) price objective on the stock.
MRO has been the subject of a number of other reports. Peel Hunt reissued a buy rating and set a GBX 240 ($3.37) price objective on shares of Melrose Industries in a report on Tuesday, October 31st. JPMorgan Chase & Co. reissued an overweight rating and set a GBX 250 ($3.51) price objective on shares of Melrose Industries in a report on Wednesday, November 22nd. Deutsche Bank reaffirmed a hold rating and issued a GBX 220 ($3.09) target price on shares of Melrose Industries in a report on Monday, January 15th. Numis Securities reaffirmed a buy rating and issued a GBX 250 ($3.51) target price on shares of Melrose Industries in a report on Thursday, January 4th. Finally, Royal Bank of Canada reduced their target price on Melrose Industries from GBX 240 ($3.37) to GBX 235 ($3.30) and set an outperform rating for the company in a report on Friday, November 24th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of Buy and an average price target of GBX 258.64 ($3.63).
Shares of Melrose Industries (LON MRO) traded down GBX 4.66 ($0.07) on Thursday, reaching GBX 220.54 ($3.10). The company’s stock had a trading volume of 11,185,216 shares, compared to its average volume of 9,070,000. Melrose Industries has a 1 year low of GBX 2.13 ($0.03) and a 1 year high of GBX 261.90 ($3.68).
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Melrose Industries PLC is a United Kingdom-based company that is engaged in buying manufacturing businesses. The Company’s businesses include Nortek and Brush Turbogenerators. It operates through four segments: Energy, which includes the Brush business that is engaged in supplying energy industrial products; Air Management, which includes the Air Quality & Home Solutions business that manufactures ventilation products and the Heating, Ventilation & Air Conditioning business that manufactures and sells split-system and packaged air conditioners, heat pumps, furnaces, air handlers and parts; Security and Smart Technology, which includes the Security & Control business along with the Core Brands and GTO Access Systems businesses; Ergonomics, which includes the Ergotron business that manufactures and distributes products designed with ergonomic features including wall mounts, carts, arms, desk mounts, and stands that attach to or support display devices.
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