Melrose Industries (LON:MRO) had its price objective upped by Citigroup from GBX 230 ($3.01) to GBX 255 ($3.33) in a report issued on Thursday morning, Stock Target Advisor reports. They currently have a buy rating on the stock.
Several other research firms have also recently commented on MRO. Investec reissued a buy rating on shares of Melrose Industries in a research report on Monday, October 14th. Goldman Sachs Group reissued a buy rating on shares of Melrose Industries in a research report on Friday, October 11th. Royal Bank of Canada reissued a top pick rating on shares of Melrose Industries in a research report on Wednesday, October 9th. UBS Group reissued a buy rating on shares of Melrose Industries in a research report on Thursday, September 12th. Finally, Peel Hunt reissued a buy rating on shares of Melrose Industries in a research report on Tuesday. Ten equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of GBX 243.33 ($3.18).
MRO stock traded up GBX 5.80 ($0.08) during mid-day trading on Thursday, reaching GBX 224.90 ($2.94). 7,615,554 shares of the company traded hands, compared to its average volume of 14,820,000. Melrose Industries has a fifty-two week low of GBX 145.95 ($1.91) and a fifty-two week high of GBX 227.50 ($2.97). The firm’s 50 day moving average price is GBX 211.40 and its 200 day moving average price is GBX 189.41. The company has a quick ratio of 0.68, a current ratio of 1.08 and a debt-to-equity ratio of 58.32. The stock has a market cap of $10.92 billion and a price-to-earnings ratio of -34.60.
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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