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 514.66 ($6.84) and traded as high as GBX 531.60 ($7.07). Melrose Industries shares last traded at GBX 518.60 ($6.89), with a volume of 5,335,052 shares changing hands.
Wall Street Analyst Weigh In
Several research firms have commented on MRO. Peel Hunt reissued a "buy" rating and issued a GBX 750 ($9.97) target price on shares of Melrose Industries in a report on Friday. JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a GBX 600 ($7.97) price target on shares of Melrose Industries in a report on Wednesday, July 2nd. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a GBX 650 ($8.64) price target on shares of Melrose Industries in a report on Friday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 612 ($8.13).
View Our Latest Stock Report on MRO
Melrose Industries Stock Performance
The stock's 50 day moving average price is GBX 507.45 and its 200 day moving average price is GBX 513.74. 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 market capitalization of £7.15 billion, a P/E ratio of -187.16, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51.
Melrose Industries (LON:MRO - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported GBX 15.20 ($0.20) 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, equities analysts expect that Melrose Industries PLC will post 33.9741641 EPS for the current year.
Insiders Place Their Bets
In related news, insider Alison Goligher purchased 20,000 shares of Melrose Industries stock in a transaction that occurred on Friday, May 23rd. The stock was bought at an average price of GBX 462 ($6.14) per share, for a total transaction of £92,400 ($122,807.02). Insiders own 1.00% of the company's stock.
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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