Melrose Industries (LON:MRO) Stock Price Passes Above 200-Day Moving Average - What's Next?

Key Points

• Melrose Industries PLC shares have recently crossed above their two hundred day moving average, with the stock trading at GBX 587.60 ($7.93).
• The company has received positive ratings from multiple analysts, with price targets ranging from GBX 600 to GBX 750, signaling a consensus rating of "Moderate Buy."
• Melrose Industries reported negative earnings with a net margin of -1.13% for the past quarter, while analysts project an EPS of approximately 34 for the current fiscal year.

Shares of Melrose Industries PLC (LON:MRO - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 513.79 ($6.91) and traded as high as GBX 594.80 ($8.00). Melrose Industries shares last traded at GBX 587.60 ($7.91), with a volume of 3,926,224 shares traded.

Wall Street Analysts Forecast Growth

MRO has been the subject of a number of research analyst reports. Peel Hunt reaffirmed a "buy" rating and issued a GBX 750 target price on shares of Melrose Industries in a research report on Friday, August 1st. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a GBX 650 target price on shares of Melrose Industries in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a GBX 600 target price on shares of Melrose Industries in a research report on Wednesday, July 2nd. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of GBX 612.

Melrose Industries Price Performance

The business has a 50 day moving average price of GBX 541.84 and a two-hundred day moving average price of GBX 512.35. The stock has a market cap of £7.63 billion, a PE ratio of -199.81, 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.

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

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.