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

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 target price raised by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 585 to GBX 620 in a research note issued to investors on Monday,London Stock Exchange reports. The brokerage currently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's target price indicates a potential upside of 0.98% from the company's current price.

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

Melrose Industries Trading Down 0.1%

LON:MRO opened at GBX 614 on Monday. The company has a market capitalization of £7.77 billion, a P/E ratio of 2,495.93, a PEG ratio of 0.48 and a beta of 1.51. 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 12 month low of GBX 376 and a 12 month high of GBX 682.60. The firm has a fifty day simple moving average of GBX 556.96 and a 200-day simple moving average of GBX 509.92.

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

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.

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