Melrose Industries PLC (LON:MRO - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 510.10 ($6.87) and traded as high as GBX 595.40 ($8.02). Melrose Industries shares last traded at GBX 589.35 ($7.94), with a volume of 2,384,322 shares trading hands.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on MRO. JPMorgan Chase & Co. reiterated an "overweight" rating and set a GBX 600 target price on shares of Melrose Industries in a report on Wednesday, July 2nd. Peel Hunt reiterated a "buy" rating and set a GBX 750 price objective on shares of Melrose Industries in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft upped their target price on Melrose Industries from GBX 585 to GBX 620 and gave the company a "hold" rating in a research report on Monday, September 8th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a GBX 650 target price on shares of Melrose Industries in a research note on Friday, August 1st. 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, Melrose Industries currently has an average rating of "Moderate Buy" and an average price target of GBX 655.
View Our Latest Stock Analysis on MRO
Melrose Industries Stock Performance
The company has a market cap of £7.57 billion, a price-to-earnings ratio of 2,430.08, a P/E/G ratio of 0.48 and a beta of 1.51. The company has a debt-to-equity ratio of 44.03, a quick ratio of 0.45 and a current ratio of 0.86. The company has a fifty day moving average of GBX 570.71 and a two-hundred day moving average of GBX 508.26.
Melrose Industries (LON:MRO - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported GBX 15.20 earnings per share (EPS) for the quarter. Melrose Industries had a negative net margin of 1.13% and a negative return on equity of 1.18%. Equities research analysts anticipate that Melrose Industries PLC will post 33.9741641 EPS for the current year.
Insider Buying and Selling
In related news, insider Guy Hachey purchased 27,000 shares of Melrose Industries stock in a transaction on Tuesday, September 9th. The shares were purchased at an average price of GBX 611 per share, for a total transaction of £164,970. Insiders own 2.40% of the company's stock.
Melrose Industries Company Profile
(
Get Free Report)
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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