Melrose Industries PLC (LON:MRO) insider Justin Dowley bought 9,531 shares of the company’s stock in a transaction on Wednesday, October 17th. The shares were bought at an average price of GBX 174 ($2.27) per share, for a total transaction of £16,583.94 ($21,669.85).
MRO traded down GBX 5 ($0.07) during trading on Friday, reaching GBX 170.65 ($2.23). The stock had a trading volume of 21,715,659 shares, compared to its average volume of 14,820,000. Melrose Industries PLC has a one year low of GBX 2.13 ($0.03) and a one year high of GBX 261.90 ($3.42).
Melrose Industries (LON:MRO) last released its earnings results on Thursday, September 6th. The company reported GBX 5.80 ($0.08) EPS for the quarter, beating the Zacks’ consensus estimate of GBX 4.40 ($0.06) by GBX 1.40 ($0.02).
Several equities research analysts have issued reports on MRO shares. UBS Group increased their target price on Melrose Industries from GBX 250 ($3.27) to GBX 270 ($3.53) and gave the stock a “buy” rating in a research report on Tuesday, September 4th. JPMorgan Chase & Co. increased their target price on Melrose Industries from GBX 260 ($3.40) to GBX 280 ($3.66) and gave the stock an “overweight” rating in a research report on Friday, September 7th. Barclays increased their target price on Melrose Industries to GBX 260 ($3.40) and gave the stock an “overweight” rating in a research report on Monday, September 10th. Deutsche Bank restated a “buy” rating on shares of Melrose Industries in a research report on Friday, August 17th. Finally, Peel Hunt restated a “buy” rating and set a GBX 240 ($3.14) target price on shares of Melrose Industries in a research report on Thursday, September 6th. Nine research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus target price of GBX 266.11 ($3.48).
ILLEGAL ACTIVITY NOTICE: This news story was originally published by BBNS and is the property of of BBNS. If you are reading this news story on another site, it was illegally copied and republished in violation of United States and international copyright legislation. The correct version of this news story can be viewed at https://baseballnewssource.com/2018/11/10/justin-dowley-acquires-9531-shares-of-melrose-industries-plc-mro-stock/2845432.html.
Melrose Industries Company Profile
Melrose Industries PLC, together with its subsidiaries, designs and manufactures electricity generating equipment for the power generation, industrial, oil and gas, and offshore sectors in the United Kingdom, Europe, North America, and internationally. It operates through four segments: Energy, Air Management, Security & Smart Technology, and Ergonomics.
Further Reading: How Do You Calculate Return on Equity (ROE)?
Receive News & Ratings for Melrose Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Melrose Industries and related companies with MarketBeat.com's FREE daily email newsletter.