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

Key Points

• Deutsche Bank raised Melrose Industries’ price target to GBX 575 from GBX 570 while maintaining a “hold” rating, implying 19.33% potential upside from the previous close.
• Analyst sentiment is broadly positive, with Royal Bank of Canada reiterating an “outperform” rating and setting an GBX 800 target. Melrose has an overall “Moderate Buy” consensus and an average price target of GBX 708.33.
• Melrose shares opened at GBX 481.86, while the company reported quarterly EPS of GBX 17.80. Insiders have also purchased 63,101 shares over the past 90 days.

Melrose Industries (LON:MRO - Get Free Report) had its price objective lifted by research analysts at Deutsche Bank Aktiengesellschaft from GBX 570 to GBX 575 in a report released on Wednesday,Digital Look reports. The brokerage presently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective suggests a potential upside of 19.33% from the company's previous close.

Separately, Royal Bank Of Canada reissued an "outperform" rating and set a GBX 800 price target on shares of Melrose Industries in a research report on Friday, July 31st. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of GBX 708.33.

Melrose Industries Stock Performance

Shares of MRO opened at GBX 481.86 on Wednesday. The company has a market cap of £6.00 billion, a PE ratio of 37.65, a price-to-earnings-growth ratio of 0.48 and a beta of 0.84. The firm has a 50-day moving average of GBX 476.15 and a 200-day moving average of GBX 514.61. Melrose Industries has a one year low of GBX 409.90 and a one year high of GBX 685. The company has a debt-to-equity ratio of 71.81, a current ratio of 1.07 and a quick ratio of 0.45.

Melrose Industries (LON:MRO - Get Free Report) last issued 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%. As a group, equities analysts forecast that Melrose Industries will post 33.9741641 earnings per share for the current year.

Insider Buying and Selling at Melrose Industries

In related news, insider Guy Hachey bought 18,000 shares of the business's stock in a transaction dated Thursday, June 11th. The stock was bought at an average price of GBX 449 per share, for a total transaction of £80,820. Also, insider Ross McCluskey bought 21,434 shares of Melrose Industries stock in a transaction that occurred on Thursday, June 25th. The shares were 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 over the last ninety days. Insiders own 2.59% of the company's stock.

About Melrose Industries

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.

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