Melrose Industries (LON:MRO) Price Target Raised to GBX 620 at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank Aktiengesellschaft raised the price target for Melrose Industries from GBX 585 to GBX 620, maintaining a "hold" rating on the stock, which suggests a modest potential upside of 0.98%.
• Other analysts have issued varying ratings on Melrose Industries, with Royal Bank of Canada giving a GBX 650 target and Peel Hunt setting a target at GBX 750, indicating a consensus rating of "Moderate Buy."
• The company recently reported an earnings per share (EPS) of GBX 15.20, while anticipating an average EPS of approximately 34 for the current year, along with a market capitalization of £7.77 billion.

Melrose Industries (LON:MRO - Get Free Report) had its price target increased by Deutsche Bank Aktiengesellschaft from GBX 585 to GBX 620 in a research report issued to clients and investors on Monday, Marketbeat.com reports. The brokerage presently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective would indicate a potential upside of 4.31% from the stock's previous close.

A number of other research firms have also recently issued reports on MRO. Peel Hunt reissued a "buy" rating and set a GBX 750 target price on shares of Melrose Industries in a research note on Friday, August 1st. JPMorgan Chase & Co. reissued an "overweight" rating and set a GBX 600 target price on shares of Melrose Industries in a research note on Wednesday, July 2nd. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a GBX 650 target price on shares of Melrose Industries in a research note on Friday, August 1st. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, Melrose Industries has an average rating of "Moderate Buy" and an average target price of GBX 655.

Melrose Industries Trading Down 1.0%

Shares of LON:MRO traded down GBX 5.80 during mid-day trading on Monday, reaching GBX 594.40. The stock had a trading volume of 3,656,612 shares, compared to its average volume of 12,740,880. The firm has a market cap of £7.52 billion, a PE ratio of 2,416.26, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51. The firm has a 50 day simple moving average of GBX 564.37 and a two-hundred day simple moving average of GBX 510.09. The company has a current ratio of 0.86, a quick ratio of 0.45 and a debt-to-equity ratio of 44.03. Melrose Industries has a twelve month low of GBX 376 and a twelve month high of GBX 682.60.

Melrose Industries (LON:MRO - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported GBX 15.20 earnings per share for the quarter. Melrose Industries had a negative net margin of 1.13% and a negative return on equity of 1.18%. On average, research analysts predict that Melrose Industries will post 33.9741641 EPS for the current fiscal year.

Insider Buying and Selling at Melrose Industries

In other Melrose Industries news, insider Guy Hachey purchased 27,000 shares of the firm's stock in a transaction dated Tuesday, September 9th. The stock was bought at an average cost of GBX 611 per share, with a total value of £164,970. 2.40% of the stock is owned by corporate insiders.

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.