Melrose Industries (LON:MRO) Price Target Raised to GBX 575 at Deutsche Bank Aktiengesellschaft

Melrose Industries (LON:MRO) had its target price hoisted by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 570 to GBX 575 in a report issued on Wednesday,Digital Look reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 19.33% from the company’s current price.

Separately, Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 800 price objective on shares of Melrose Industries in a research note on Friday, July 31st. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Melrose Industries presently has a consensus rating of “Moderate Buy” and an average price target of GBX 708.33.

Melrose Industries Stock Down 0.3%

MRO stock opened at GBX 481.86 on Wednesday. The company has a debt-to-equity ratio of 71.81, a current ratio of 1.07 and a quick ratio of 0.45. The stock has a market capitalization of £6.00 billion, a price-to-earnings ratio of 37.65, a PEG ratio of 0.48 and a beta of 0.84. The business’s fifty day moving average price is GBX 476.15 and its two-hundred day moving average price is GBX 514.61. Melrose Industries has a fifty-two week low of GBX 409.90 and a fifty-two week high of GBX 685.

Melrose Industries (LON:MRO) last announced its earnings results on Friday, July 31st. The company reported GBX 17.80 earnings per share (EPS) for the quarter. Melrose Industries had a net margin of 4.28% and a return on equity of 5.63%. On average, equities analysts anticipate that Melrose Industries will post 33.9741641 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Guy Hachey acquired 18,000 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was purchased at an average cost of GBX 449 per share, with a total value of £80,820. Also, insider Ross McCluskey acquired 21,434 shares of the company’s stock in a transaction on Thursday, June 25th. The stock was bought at an average cost of GBX 475 per share, with a total value of £101,811.50. Insiders have purchased a total of 63,101 shares of company stock worth $29,444,975 in the last 90 days. Company insiders own 2.59% of the company’s stock.

Melrose Industries Company Profile

Melrose Industries PLC, together with its subsidiaries, provides aerospace components and systems to civil and defence markets in the United Kingdom, rest of Europe, North America, and internationally. The company operates through two segments, Engines and Structures. The Engines segment offers structural engineered components; parts repair; and commercial and aftermarket contracts to engines original equipment manufacturers. The Structures segment provides civil and defence air frames, including lightweight composite and metallic structures; and electrical distribution systems and components to airframe original equipment manufacturers.