Melrose Industries (MRO) PT Lowered to GBX 250

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Melrose Industries (LON:MRO) had its target price cut by Barclays from GBX 260 ($3.40) to GBX 250 ($3.27) in a research note issued to investors on Monday, October 15th. They currently have an overweight rating on the stock.

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. increased their target price on Melrose Industries from GBX 260 ($3.40) to GBX 280 ($3.66) and gave the company an overweight rating in a research note on Friday, September 7th. Deutsche Bank reissued a buy rating and issued a GBX 275 ($3.59) target price on shares of Melrose Industries in a research note on Friday, September 7th. Peel Hunt restated a buy rating and set a GBX 240 ($3.14) price target on shares of Melrose Industries in a research report on Thursday, September 6th. UBS Group upped their price target on shares of Melrose Industries from GBX 250 ($3.27) to GBX 270 ($3.53) and gave the company a buy rating in a research report on Tuesday, September 4th. Finally, Liberum Capital upped their price target on shares of Melrose Industries to GBX 240 ($3.14) and gave the company a buy rating in a research report on Monday, July 2nd. Nine analysts have rated the stock with a buy rating, Melrose Industries presently has an average rating of Buy and a consensus target price of GBX 266.11 ($3.48).

Melrose Industries stock traded down GBX 5 ($0.07) during trading on Monday, hitting 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 has a 1 year low of GBX 2.13 ($0.03) and a 1 year high of GBX 261.90 ($3.42).

Melrose Industries (LON:MRO) last issued its earnings results on Thursday, September 6th. The company reported GBX 5.80 ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of GBX 4.40 ($0.06) by GBX 1.40 ($0.02).

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

In related news, insider Charlotte Twyning acquired 36,000 shares of the stock in a transaction on Wednesday, October 3rd. The stock was acquired at an average cost of GBX 197 ($2.57) per share, for a total transaction of £70,920 ($92,669.54). Also, insider Justin Dowley acquired 9,531 shares of the stock in a transaction on Wednesday, October 17th. The stock was bought at an average price of GBX 174 ($2.27) per share, with a total value of £16,583.94 ($21,669.85).

About Melrose Industries

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.

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Analyst Recommendations for Melrose Industries (LON:MRO)

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