Melrose Industries PLC (LON:MRO) Receives Average Rating of “Buy” from Analysts

Shares of Melrose Industries PLC (LON:MRO) have been assigned a consensus recommendation of “Buy” from the twelve brokerages that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is GBX 262.50 ($3.42).

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A number of equities research analysts have weighed in on the stock. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Melrose Industries PLC in a report on Wednesday, August 2nd. They issued a “buy” rating and a GBX 270 ($3.52) price target for the company. BNP Paribas lowered shares of Melrose Industries PLC to a “neutral” rating and set a GBX 250 ($3.26) price objective for the company. in a research note on Tuesday, July 18th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Melrose Industries PLC in a research note on Monday, July 10th. J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of Melrose Industries PLC in a research note on Monday, July 24th. Finally, Panmure Gordon reaffirmed a “buy” rating and set a GBX 355 ($4.62) price objective on shares of Melrose Industries PLC in a research note on Tuesday, April 25th.

Shares of Melrose Industries PLC (MRO) traded down 0.35% during mid-day trading on Tuesday, hitting GBX 229.40. 1,699,048 shares of the company traded hands. The firm’s market cap is GBX 4.33 billion. The firm has a 50-day moving average price of GBX 238.77 and a 200 day moving average price of GBX 230.04. Melrose Industries PLC has a 52-week low of GBX 135.75 and a 52-week high of GBX 261.70.

In other Melrose Industries PLC news, insider David Alexander Roper sold 2,000,000 shares of the stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of GBX 255 ($3.32), for a total transaction of £5,100,000 ($6,641,489.78).

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About Melrose Industries PLC

Melrose Industries PLC is a United Kingdom-based company, which is engaged in buying manufacturing businesses. The Company operates through an Energy segment, which includes the Brush business that is a specialist supplier of energy industrial products to the global market. The Company’s Brush Turbogenerators is an independent manufacturer of electricity generating equipment for the power generation, industrial, oil and gas, and offshore sectors, and also supplies switchgear, transformers and other power infrastructure equipment.