Shares of Melrose Industries PLC (LON:MRO - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 511.82 ($6.93) and traded as high as GBX 600.40 ($8.13). Melrose Industries shares last traded at GBX 600 ($8.12), with a volume of 2,411,028 shares trading hands.
Analyst Ratings Changes
Several equities research analysts have recently commented on MRO shares. Royal Bank Of Canada restated an "outperform" rating and issued a GBX 650 target price on shares of Melrose Industries in a research note on Friday, August 1st. JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a GBX 600 price objective on shares of Melrose Industries in a report on Wednesday, July 2nd. Deutsche Bank Aktiengesellschaft increased their price objective on Melrose Industries from GBX 585 to GBX 620 and gave the company a "hold" rating in a research report on Monday. Finally, Peel Hunt restated a "buy" rating and set a GBX 750 target price on shares of Melrose Industries in a research report on Friday, August 1st. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of GBX 655.
Check Out Our Latest Report on MRO
Melrose Industries Stock Down 1.2%
The company has a current ratio of 0.86, a quick ratio of 0.45 and a debt-to-equity ratio of 44.03. The firm's fifty day moving average price is GBX 561.47 and its 200-day moving average price is GBX 511.17. The company has a market cap of £7.55 billion, a price-to-earnings ratio of 2,424.39, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51.
Melrose Industries (LON:MRO - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported GBX 15.20 EPS for the quarter. Melrose Industries had a negative return on equity of 1.18% and a negative net margin of 1.13%. Sell-side analysts predict that Melrose Industries PLC will post 33.9741641 earnings per share for the current year.
Insider Buying and Selling at Melrose Industries
In other Melrose Industries news, insider Guy Hachey acquired 27,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 9th. The stock was acquired at an average cost of GBX 611 per share, for a total transaction of £164,970. 2.40% of the stock is owned by company insiders.
About Melrose Industries
(
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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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