Goldman Sachs Group restated their buy rating on shares of Melrose Industries (LON:MRO) in a report released on Friday, ThisIsMoney.Co.Uk reports.
Other equities analysts have also recently issued research reports about the stock. UBS Group reaffirmed a buy rating on shares of Melrose Industries in a research report on Thursday, September 12th. Bank of America reaffirmed a buy rating and set a GBX 230 ($3.01) price objective on shares of Melrose Industries in a research report on Thursday. JPMorgan Chase & Co. increased their price objective on shares of Melrose Industries from GBX 250 ($3.27) to GBX 265 ($3.46) and gave the stock an overweight rating in a research report on Friday, September 6th. Royal Bank of Canada reaffirmed a top pick rating on shares of Melrose Industries in a research report on Wednesday. Finally, Citigroup increased their price objective on shares of Melrose Industries from GBX 220 ($2.87) to GBX 230 ($3.01) and gave the stock a buy rating in a research report on Monday, September 9th. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Melrose Industries currently has a consensus rating of Buy and an average target price of GBX 242 ($3.16).
Shares of LON:MRO traded up GBX 6.25 ($0.08) during mid-day trading on Friday, reaching GBX 201.10 ($2.63). 14,346,827 shares of the company were exchanged, compared to its average volume of 14,820,000. The company has a debt-to-equity ratio of 58.32, a current ratio of 1.08 and a quick ratio of 0.68. The firm has a market cap of $9.77 billion and a price-to-earnings ratio of -30.94. The firm’s 50-day simple moving average is GBX 189.54 and its 200 day simple moving average is GBX 184.20. Melrose Industries has a 1 year low of GBX 145.95 ($1.91) and a 1 year high of GBX 209.30 ($2.73).
The firm also recently declared a dividend, which was paid on Friday, October 11th. Shareholders of record on Thursday, September 12th were given a GBX 1.70 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a yield of 0.84%. Melrose Industries’s dividend payout ratio is presently -0.77%.
Melrose Industries Company Profile
Melrose Industries PLC engages in the aerospace, automotive, powder metallurgy, air and security, and other industrial businesses. Its Aerospace segment supplies airframe and engine structures, landing gears, specialist technologies, and aftermarket services for commercial and military aircraft. The company's Automotive segment designs, develops, manufactures, and integrates driveline technologies for car manufacturers; and operates as an all-wheel drive systems integrator and electric powertrain systems engineer.
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