JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Melrose Industries (LON:MRO - Free Report) in a report published on Wednesday, MarketBeat reports. The firm currently has a GBX 600 ($8.19) price target on the stock.
Melrose Industries Trading Down 1.2%
Shares of MRO stock traded down GBX 6.20 ($0.08) on Wednesday, hitting GBX 524.80 ($7.17). The stock had a trading volume of 1,841,989 shares, compared to its average volume of 12,563,184. The company's 50 day moving average price is GBX 473.62 and its 200-day moving average price is GBX 518.02. Melrose Industries has a 1 year low of GBX 376 ($5.13) and a 1 year high of GBX 682.60 ($9.32). The company has a debt-to-equity ratio of 44.03, a current ratio of 0.86 and a quick ratio of 0.45. The firm has a market capitalization of £6.78 billion, a P/E ratio of -177.49, a P/E/G ratio of 0.48 and a beta of 1.51.
Insider Transactions at Melrose Industries
In other Melrose Industries news, insider Peter Dilnot bought 12,425 shares of Melrose Industries stock in a transaction on Tuesday, April 8th. The shares were bought at an average cost of GBX 400 ($5.46) per share, for a total transaction of £49,700 ($67,868.36). Also, insider Alison Goligher purchased 20,000 shares of the company's stock in a transaction on Friday, May 23rd. The stock was acquired at an average price of GBX 462 ($6.31) per share, with a total value of £92,400 ($126,177.80). Over the last quarter, insiders have acquired 50,425 shares of company stock valued at $21,608,000. 1.00% of the stock is currently owned by corporate 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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