Melrose Industries PLC (LON:MRO) Receives GBX 255 Consensus Price Target from Analysts

Melrose Industries PLC (LON:MRO) has received an average rating of “Buy” from the twelve analysts that are currently covering the company, Marketbeat Ratings reports. Twelve analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is GBX 255 ($3.33).

Several analysts recently issued reports on the stock. Investec reiterated a “buy” rating on shares of Melrose Industries in a research report on Monday, October 14th. UBS Group reiterated a “buy” rating on shares of Melrose Industries in a research report on Thursday, September 12th. Goldman Sachs Group reiterated a “buy” rating on shares of Melrose Industries in a research report on Friday, October 11th. Citigroup increased their price target on shares of Melrose Industries from GBX 230 ($3.01) to GBX 255 ($3.33) and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, BNP Paribas upgraded shares of Melrose Industries to an “outperform” rating and set a GBX 270 ($3.53) price target on the stock in a research report on Thursday, November 28th.

Shares of MRO traded up GBX 3 ($0.04) during mid-day trading on Friday, hitting GBX 227 ($2.97). 8,724,078 shares of the company’s stock were exchanged, compared to its average volume of 14,820,000. Melrose Industries has a 52 week low of GBX 145.95 ($1.91) and a 52 week high of GBX 238.10 ($3.11). The stock’s 50-day simple moving average is GBX 220.01 and its 200-day simple moving average is GBX 191.41. The firm has a market cap of $11.03 billion and a price-to-earnings ratio of -34.92. The company has a quick ratio of 0.68, a current ratio of 1.08 and a debt-to-equity ratio of 58.32.

About Melrose Industries

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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Analyst Recommendations for Melrose Industries (LON:MRO)

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