Citigroup Boosts Melrose Industries (LON:MRO) Price Target to GBX 230
Melrose Industries (LON:MRO) had its price target raised by Citigroup from GBX 220 ($2.87) to GBX 230 ($3.01) in a report published on Monday morning, Digital Look reports. Citigroup currently has a buy rating on the stock.
A number of other equities analysts have also commented on the company. Barclays reissued an overweight rating on shares of Melrose Industries in a research note on Friday, May 24th. Numis Securities reissued a buy rating on shares of Melrose Industries in a research note on Monday, June 3rd. JPMorgan Chase & Co. lifted their price target on shares of Melrose Industries from GBX 250 ($3.27) to GBX 265 ($3.46) and gave the stock an overweight rating in a research report on Friday, September 6th. Peel Hunt reissued a buy rating on shares of Melrose Industries in a research note on Monday, September 2nd. Finally, UBS Group restated a buy rating and issued a GBX 250 ($3.27) price target on shares of Melrose Industries in a report on Thursday, September 5th. Nine investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of GBX 243 ($3.18).
LON:MRO opened at GBX 207.80 ($2.72) on Monday. The firm’s 50-day moving average is GBX 178.31 and its 200-day moving average is GBX 181.11. The company has a debt-to-equity ratio of 58.32, a quick ratio of 0.68 and a current ratio of 1.08. The company has a market cap of $10.12 billion and a price-to-earnings ratio of -31.97. Melrose Industries has a 52-week low of GBX 145.95 ($1.91) and a 52-week high of GBX 226.40 ($2.96).
Melrose Industries Company Profile
Melrose Industries PLC engages in the aerospace, automotive, powder metallurgy, air and security, and other industrial businesses. Its Aerospace segment supplies airframe and engine structures, landing gears, specialist technologies, and aftermarket services for commercial and military aircraft. The company's Automotive segment designs, develops, manufactures, and integrates driveline technologies for car manufacturers; and operates as an all-wheel drive systems integrator and electric powertrain systems engineer.
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