Justin Dowley Purchases 9,531 Shares of Melrose Industries PLC (MRO) Stock

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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).

The business also recently disclosed a dividend, which was paid on Friday, October 12th. Stockholders of record on Thursday, September 13th were paid a dividend of GBX 1.55 ($0.02) per share. The ex-dividend date of this dividend was Thursday, September 13th. This represents a dividend yield of 0.67%.

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).

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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)?

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