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Melrose Industries (MRO) Stock Forecast & Price Target

GBX 586.80
+6.80 (+1.17%)
(As of 07/12/2024 ET)

Melrose Industries - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Consensus Price Target

GBX 645
High ForecastGBX 650
Average ForecastGBX 645
Low ForecastGBX 640
TypeCurrent Forecast
7/14/23 to 7/13/24
1 Month Ago
6/14/23 to 6/13/24
3 Months Ago
4/15/23 to 4/14/24
1 Year Ago
7/14/22 to 7/14/23
Consensus Rating
Buy
Moderate Buy
Moderate Buy
Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
2 Buy rating(s)
1 Buy rating(s)
3 Buy rating(s)
6 Buy rating(s)
Hold
0 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
0 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetGBX 645GBX 590GBX 590GBX 345
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MRO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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MRO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Melrose Industries Stock vs. The Competition

TypeMelrose IndustriesIndustrials Companies
Consensus Rating Score
3.00
2.58
Consensus RatingBuyModerate Buy
News Sentiment RatingPositive News
Neutral News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/8/2024Royal Bank of Canada
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 UpgradeOutperformGBX 650+11.42%
3/8/2024Numis Securities
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 Reiterated RatingAddGBX 640+7.00%
5/25/2023JPMorgan Chase & Co.
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 Boost TargetOverweightGBX 500 ➝ GBX 620+29.41%
5/24/2023Citigroup
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 Reiterated RatingBuyGBX 560+17.28%
9/13/2022Deutsche Bank Aktiengesellschaft
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 Reiterated RatingBuy
9/13/2022Barclays
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 Lower TargetOverweightGBX 205 ➝ GBX 180+45.82%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:42 PM ET.

MRO Forecast - Frequently Asked Questions

What is Melrose Industries' forecast for 2024?

According to the research reports of 2 Wall Street equities research analysts, the average twelve-month stock price forecast for Melrose Industries is GBX 645, with a high forecast of GBX 650 and a low forecast of GBX 640.

Should I buy or sell Melrose Industries stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Melrose Industries in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MRO shares.

Does Melrose Industries's stock price have much upside?

According to analysts, Melrose Industries's stock has a predicted upside of 9.18% based on their 12-month stock forecasts.

Has Melrose Industries been upgraded by Wall Street analysts recently?

Over the previous 90 days, Melrose Industries's stock had 1 upgrade by analysts.

What analysts cover Melrose Industries?

Melrose Industries has been rated by research analysts at Royal Bank of Canada in the past 90 days.

Do Wall Street analysts like Melrose Industries more than its competitors?

Analysts like Melrose Industries more than other "industrials" companies. The consensus rating for Melrose Industries is Buy while the average consensus rating for "industrials" companies is Moderate Buy. Learn more on how MRO compares to other companies.


This page (LON:MRO) was last updated on 7/13/2024 by MarketBeat.com Staff

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