Melrose Industries (LON:MRO) Receives New Coverage from Analysts at Morgan Stanley

Equities research analysts at Morgan Stanley assumed coverage on shares of Melrose Industries (LON:MRO) in a research report issued to clients and investors on Friday, LSE.Co.UK reports. The brokerage set an “equal weight” rating and a GBX 500 ($6.57) price target on the stock. Morgan Stanley’s price objective suggests a potential upside of 6.11% from the company’s current price.

Separately, Royal Bank of Canada raised shares of Melrose Industries to an “outperform” rating and set a GBX 650 ($8.55) price objective on the stock in a research report on Monday, July 8th.

Melrose Industries Trading Up 3.6 %

Shares of MRO traded up GBX 16.20 ($0.21) during midday trading on Friday, hitting GBX 471.20 ($6.20). The stock had a trading volume of 344,244,969 shares, compared to its average volume of 9,067,381. The business has a 50-day simple moving average of GBX 525.01 and a two-hundred day simple moving average of GBX 589.05. The company has a current ratio of 0.86, a quick ratio of 0.45 and a debt-to-equity ratio of 44.03. Melrose Industries has a fifty-two week low of GBX 434.12 ($5.71) and a fifty-two week high of GBX 681.20 ($8.96). The firm has a market cap of £6.08 billion, a P/E ratio of -15,706.67, a price-to-earnings-growth ratio of 0.51 and a beta of 1.51.

Insider Activity

In other Melrose Industries news, insider Gillian Elcock acquired 3,680 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average cost of GBX 453 ($5.96) per share, for a total transaction of £16,670.40 ($21,920.32). In related news, insider Gillian Elcock purchased 3,680 shares of Melrose Industries stock in a transaction on Monday, August 5th. The stock was bought at an average price of GBX 453 ($5.96) per share, with a total value of £16,670.40 ($21,920.32). Also, insider Matthew Gregory acquired 9,740 shares of the stock in a transaction dated Friday, August 2nd. The shares were bought at an average cost of GBX 510 ($6.71) per share, for a total transaction of £49,674 ($65,317.55). 0.99% of the stock is owned by insiders.

Melrose Industries Company Profile

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.