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 Company Profile

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.

Analyst Recommendations for Melrose Industries (LON:MRO)

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