Melrose Industries (LON:MRO) Rating Increased to Outperform at Royal Bank of Canada

Royal Bank of Canada upgraded shares of Melrose Industries (LON:MRO) to an outperform rating in a report issued on Monday, MarketBeat reports. They currently have GBX 650 ($8.33) price objective on the stock.

Melrose Industries Price Performance

MRO opened at GBX 580 ($7.43) on Monday. The stock has a fifty day moving average price of GBX 597.73 and a 200 day moving average price of GBX 608.01. The company has a current ratio of 0.86, a quick ratio of 0.45 and a debt-to-equity ratio of 23.05. Melrose Industries has a 1 year low of GBX 445.40 ($5.71) and a 1 year high of GBX 681.20 ($8.73). The stock has a market cap of £7.54 billion, a price-to-earnings ratio of -30,060.00, a PEG ratio of 0.73 and a beta of 1.59.

Insider Activity at Melrose Industries

In other Melrose Industries news, insider Justin Dowley acquired 2,950 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were purchased at an average price of GBX 598 ($7.66) per share, with a total value of £17,641 ($22,596.39). 0.99% of the stock is currently owned by company insiders.

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.