Insider Buying: Melrose Industries (LON:MRO) Insider Acquires 17,901 Shares of Stock

Key Points

• Insider purchase: Chris Grigg bought 17,901 shares on March 4 at an average price of GBX 540, a transaction totalling £96,665.40.
• Melrose traded at GBX 551.48 midday (down ~1%), has a market cap of £6.92bn, a P/E of 22.42, and a 52‑week range of GBX 376–685.
• Analysts hold a Moderate Buy consensus with an average target of GBX 692.50, and JPMorgan lifted its target to GBX 750 with an "overweight" rating.

Melrose Industries PLC (LON:MRO - Get Free Report) insider Chris Grigg bought 17,901 shares of the business's stock in a transaction that occurred on Wednesday, March 4th. The stock was acquired at an average cost of GBX 540 per share, for a total transaction of £96,665.40.

Melrose Industries Trading Down 1.0%

MRO traded down GBX 5.52 during midday trading on Thursday, reaching GBX 551.48. 15,876,646 shares of the company's stock traded hands, compared to its average volume of 21,849,174. Melrose Industries PLC has a 52 week low of GBX 376 and a 52 week high of GBX 685. The company has a debt-to-equity ratio of 77.89, a current ratio of 0.98 and a quick ratio of 0.45. The firm has a fifty day moving average of GBX 623.72 and a two-hundred day moving average of GBX 608.87. The stock has a market capitalization of £6.92 billion, a price-to-earnings ratio of 22.42, a P/E/G ratio of 0.48 and a beta of 1.07.

Melrose Industries (LON:MRO - Get Free Report) last issued its quarterly earnings data on Friday, February 27th. The company reported GBX 32.20 earnings per share for the quarter. Melrose Industries had a return on equity of 13.03% and a net margin of 10.31%. On average, equities analysts anticipate that Melrose Industries PLC will post 33.9741641 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. upped their price objective on shares of Melrose Industries from GBX 600 to GBX 750 and gave the stock an "overweight" rating in a report on Monday, November 17th. Three equities 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.com, the stock has a consensus rating of "Moderate Buy" and an average target price of GBX 692.50.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.