Melrose Industries (LON:MRO) Receives "Outperform" Rating from Royal Bank Of Canada

Key Points

• Royal Bank of Canada has reaffirmed its "outperform" rating for Melrose Industries (MRO), setting a target price of GBX 650 ($8.63), indicating a potential upside of 19.97%.
• JPMorgan Chase & Co. has also reissued an "overweight" rating for Melrose Industries with a target price of GBX 600 ($7.97).
• Melrose Industries has a current stock price of GBX 541.80 ($7.19) and reported a quarterly earnings per share (EPS) of GBX 15.20 ($0.20) recently.

Royal Bank Of Canada reissued their outperform rating on shares of Melrose Industries (LON:MRO - Free Report) in a report released on Friday, August 1st, MarketBeat Ratings reports. The brokerage currently has a GBX 650 ($8.74) price target on the stock.

Separately, JPMorgan Chase & Co. restated an "overweight" rating and issued a GBX 600 ($8.07) target price on shares of Melrose Industries in a research note on Wednesday, July 2nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Melrose Industries currently has a consensus rating of "Moderate Buy" and an average target price of GBX 612 ($8.23).

Melrose Industries Stock Up 1.5%

LON:MRO traded up GBX 8.71 ($0.12) on Friday, reaching GBX 589.71 ($7.93). The stock had a trading volume of 3,047,800 shares, compared to its average volume of 10,939,491. The stock has a market cap of £7.62 billion, a P/E ratio of -199.44, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51. The company has a 50-day moving average of GBX 513.75 and a 200 day moving average of GBX 514.51. The company has a current ratio of 0.86, a quick ratio of 0.45 and a debt-to-equity ratio of 44.03. Melrose Industries has a 12-month low of GBX 376 ($5.06) and a 12-month high of GBX 682.60 ($9.18).

Melrose Industries (LON:MRO - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported GBX 15.20 ($0.20) 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%. On average, research analysts predict that Melrose Industries will post 33.9741641 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Alison Goligher bought 20,000 shares of the firm's stock in a transaction on Friday, May 23rd. The stock was purchased at an average price of GBX 462 ($6.21) per share, for a total transaction of £92,400 ($124,260.36). 1.00% of the stock is currently owned by company insiders.

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.