Melrose Industries (LON:MRO) Stock Rating Reaffirmed by Barclays

Melrose Industries (LON:MRO)‘s stock had its “overweight” rating reiterated by equities research analysts at Barclays in a report issued on Tuesday, PriceTargets.com reports. They presently have a GBX 190 ($2.48) price objective on the stock. Barclays‘s price objective indicates a potential upside of 24.63% from the stock’s previous close.

Several other research analysts also recently issued reports on MRO. Numis Securities reiterated an “add” rating and set a GBX 205 ($2.68) price target on shares of Melrose Industries in a report on Thursday, May 6th. Peel Hunt reiterated a “buy” rating and set a GBX 300 ($3.92) price target on shares of Melrose Industries in a report on Tuesday, June 22nd. JPMorgan Chase & Co. upped their price target on shares of Melrose Industries from GBX 215 ($2.81) to GBX 230 ($3.00) and gave the stock an “overweight” rating in a report on Friday, May 21st. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 300 ($3.92) price target on shares of Melrose Industries in a report on Tuesday, June 22nd. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Melrose Industries presently has a consensus rating of “Buy” and an average price target of GBX 224.50 ($2.93).

Shares of LON:MRO opened at GBX 152.45 ($1.99) on Tuesday. The business’s fifty day moving average is GBX 496.87. The firm has a market capitalization of £7.41 billion and a P/E ratio of -13.86. The company has a quick ratio of 0.58, a current ratio of 0.94 and a debt-to-equity ratio of 52.50. Melrose Industries has a 52-week low of GBX 82.20 ($1.07) and a 52-week high of GBX 205.28 ($2.68).

In related news, insider Victoria Jarman acquired 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 24th. The stock was acquired at an average cost of GBX 158 ($2.06) per share, for a total transaction of £23,700 ($30,964.20).

Melrose Industries Company Profile

Melrose Industries PLC engages in the aerospace, automotive, powder metallurgy, air management, 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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Analyst Recommendations for Melrose Industries (LON:MRO)

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