Melrose Industries (LON:MRO) Receives Not Rated Rating from JPMorgan Chase & Co.

Melrose Industries (LON:MROGet Rating)‘s stock had its “not rated” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a note issued to investors on Friday, MarketBeat reports.

Several other equities research analysts have also recently issued reports on MRO. Numis Securities reiterated a “buy” rating and set a GBX 190 ($2.32) price objective on shares of Melrose Industries in a research report on Thursday. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 165 ($2.01) price objective on shares of Melrose Industries in a research report on Wednesday. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, Melrose Industries currently has an average rating of “Buy” and a consensus target price of GBX 190 ($2.32).

Melrose Industries Price Performance

LON MRO opened at GBX 143.20 ($1.75) on Friday. The stock has a market cap of £5.81 billion and a price-to-earnings ratio of 8.09. The company has a current ratio of 0.87, a quick ratio of 0.45 and a debt-to-equity ratio of 25.84. Melrose Industries has a 12 month low of GBX 94.82 ($1.16) and a 12 month high of GBX 169.25 ($2.07). The company’s 50 day moving average is GBX 134.36 and its two-hundred day moving average is GBX 131.65.

Insider Buying and Selling

In other Melrose Industries news, insider Funmi Adegoke purchased 11,556 shares of Melrose Industries stock in a transaction that occurred on Wednesday, November 16th. The shares were bought at an average price of GBX 128 ($1.56) per share, for a total transaction of £14,791.68 ($18,049.64).

Melrose Industries Company Profile

(Get Rating)

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.

Further Reading

Analyst Recommendations for Melrose Industries (LON:MRO)

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