Several other research analysts also recently weighed in on MRO. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 215 ($2.60) target price on shares of Melrose Industries in a research report on Monday, August 8th. Barclays dropped their target price on shares of Melrose Industries from GBX 205 ($2.48) to GBX 180 ($2.17) and set an “overweight” rating on the stock in a research report on Tuesday, September 13th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 198.20 ($2.39).
Melrose Industries Stock Down 0.2 %
LON MRO opened at GBX 100.85 ($1.22) on Tuesday. The company has a debt-to-equity ratio of 25.84, a current ratio of 0.87 and a quick ratio of 0.45. The company’s 50 day simple moving average is GBX 139.54 and its 200 day simple moving average is GBX 135.30. Melrose Industries has a 12 month low of GBX 98.90 ($1.20) and a 12 month high of GBX 180.50 ($2.18). The company has a market capitalization of £4.09 billion and a P/E ratio of 5.71.
About Melrose Industries
Melrose Industries PLC engages in the aerospace, automotive, powder metallurgy, and other industrial businesses in the United Kingdom, rest of Europe, North America, and internationally. Its Aerospace segment provides airframe and engine structures, and electrical interconnection systems for the aerospace industry in civil airframe and defense platforms.
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