Melrose Industries’ (MRO) Overweight Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their overweight rating on shares of Melrose Industries (LON:MRO) in a report released on Thursday morning, MarketBeat.com reports. They currently have a GBX 850 ($10.50) target price on the stock.

Melrose Industries Stock Down 0.2 %

Shares of LON:MRO opened at GBX 595.80 ($7.36) on Thursday. The business’s 50 day moving average is GBX 552.79 and its 200 day moving average is GBX 516.61. Melrose Industries has a 12-month low of GBX 413.58 ($5.11) and a 12-month high of GBX 681.20 ($8.41). The stock has a market cap of £7.69 billion, a price-to-earnings ratio of -19,860.00, a PEG ratio of 0.48 and a beta of 1.51. The company has a quick ratio of 0.45, a current ratio of 0.86 and a debt-to-equity ratio of 44.03.

Insider Transactions at Melrose Industries

In other news, insider David Lis sold 7,950 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of GBX 566 ($6.99), for a total value of £44,997 ($55,579.30). Company insiders own 1.00% of the company’s stock.

About Melrose Industries

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.