Analysts’ Recent Ratings Updates for Melrose Industries (MRO)

Several brokerages have updated their recommendations and price targets on shares of Melrose Industries (LON: MRO) in the last few weeks:

  • 11/28/2019 – Melrose Industries was downgraded by analysts at Royal Bank of Canada to an “outperform” rating. They now have a GBX 265 ($3.46) price target on the stock, up previously from GBX 245 ($3.20).
  • 11/28/2019 – Melrose Industries was upgraded by analysts at BNP Paribas to an “outperform” rating. They now have a GBX 270 ($3.53) price target on the stock.
  • 11/26/2019 – Melrose Industries had its price target raised by analysts at Peel Hunt from GBX 240 ($3.14) to GBX 250 ($3.27). They now have a “buy” rating on the stock.
  • 11/21/2019 – Melrose Industries had its price target raised by analysts at Citigroup Inc from GBX 230 ($3.01) to GBX 255 ($3.33). They now have a “buy” rating on the stock.
  • 11/19/2019 – Melrose Industries had its “buy” rating reaffirmed by analysts at Peel Hunt.
  • 10/22/2019 – Melrose Industries had its price target lowered by analysts at JPMorgan Chase & Co. from GBX 265 ($3.46) to GBX 260 ($3.40). They now have an “overweight” rating on the stock.
  • 10/14/2019 – Melrose Industries had its “buy” rating reaffirmed by analysts at Investec.
  • 10/11/2019 – Melrose Industries had its “buy” rating reaffirmed by analysts at Goldman Sachs Group Inc.
  • 10/10/2019 – Melrose Industries had its “buy” rating reaffirmed by analysts at Bank of America Corp. They now have a GBX 230 ($3.01) price target on the stock.
  • 10/9/2019 – Melrose Industries had its “top pick” rating reaffirmed by analysts at Royal Bank of Canada.

Shares of LON:MRO traded up GBX 0.40 ($0.01) during trading on Thursday, reaching GBX 227.40 ($2.97). The stock had a trading volume of 5,892,960 shares, compared to its average volume of 14,820,000. Melrose Industries PLC has a 52 week low of GBX 145.95 ($1.91) and a 52 week high of GBX 238.10 ($3.11). The business’s 50-day moving average price is GBX 220.51 and its 200 day moving average price is GBX 191.63. 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 stock has a market capitalization of $11.03 billion and a PE ratio of -34.98.

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.

See Also: Return on Investment (ROI)

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