Royal Bank Of Canada Reiterates “Outperform” Rating for Melrose Industries (LON:MRO)

Melrose Industries (LON:MRO)‘s stock had its “outperform” rating restated by equities research analysts at Royal Bank Of Canada in a report issued on Friday,London Stock Exchange reports. They currently have a GBX 800 target price on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 70.83% from the stock’s current price.

Melrose Industries Trading Up 6.9%

Melrose Industries stock opened at GBX 468.30 on Friday. Melrose Industries has a 12 month low of GBX 409.90 and a 12 month high of GBX 685. The company has a market capitalization of £5.84 billion, a price-to-earnings ratio of 16.15, a price-to-earnings-growth ratio of 0.48 and a beta of 0.84. The business’s fifty day simple moving average is GBX 471.46 and its two-hundred day simple moving average is GBX 528.10. The company has a current ratio of 1.07, a quick ratio of 0.45 and a debt-to-equity ratio of 71.81.

Melrose Industries (LON:MRO) last issued its quarterly earnings results on Friday, July 31st. The company reported GBX 17.80 earnings per share for the quarter. Melrose Industries had a return on equity of 5.63% and a net margin of 4.28%. As a group, equities analysts predict that Melrose Industries will post 33.9741641 earnings per share for the current fiscal year.

Insider Buying and Selling at Melrose Industries

In other news, insider Ross McCluskey bought 3,667 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was acquired at an average cost of GBX 475 per share, with a total value of £17,418.25. Also, insider Chris Grigg bought 20,000 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was purchased at an average price of GBX 472 per share, for a total transaction of £94,400. In the last ninety days, insiders bought 63,101 shares of company stock worth $29,444,975. 2.59% of the stock is owned by corporate insiders.

Melrose Industries Company Profile

Melrose Industries PLC, together with its subsidiaries, provides aerospace components and systems to civil and defence markets in the United Kingdom, rest of Europe, North America, and internationally. The company operates through two segments, Engines and Structures. The Engines segment offers structural engineered components; parts repair; and commercial and aftermarket contracts to engines original equipment manufacturers. The Structures segment provides civil and defence air frames, including lightweight composite and metallic structures; and electrical distribution systems and components to airframe original equipment manufacturers.