Melrose Industries PLC (LON:MRO - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 513.41 ($6.93) and traded as high as GBX 594.80 ($8.03). Melrose Industries shares last traded at GBX 587.78 ($7.93), with a volume of 2,830,027 shares traded.
Analyst Upgrades and Downgrades
MRO has been the topic of several recent research reports. Peel Hunt reaffirmed a "buy" rating and issued a GBX 750 price objective on shares of Melrose Industries in a research note on Friday, August 1st. JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a GBX 600 price objective on shares of Melrose Industries in a research note on Wednesday, July 2nd. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a GBX 650 price objective on shares of Melrose Industries in a research note on Friday, August 1st. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of GBX 612.
Get Our Latest Stock Report on MRO
Melrose Industries Stock Performance
The firm's 50-day moving average price is GBX 546.14 and its two-hundred day moving average price is GBX 513.41. The firm has a market capitalization of £7.58 billion, a PE ratio of -198.39, a P/E/G ratio of 0.48 and a beta of 1.51. The company has a quick ratio of 0.45, a current ratio of 0.86 and a debt-to-equity ratio of 44.03.
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 for the quarter. Melrose Industries had a negative net margin of 1.13% and a negative return on equity of 1.18%. As a group, research analysts predict that Melrose Industries PLC will post 33.9741641 earnings per share for the current fiscal year.
Melrose Industries Company Profile
(
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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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