Melrose Industries (LON:MRO) Earns “Overweight” Rating from JPMorgan Chase & Co.

Melrose Industries (LON:MRO)‘s stock had its “overweight” rating restated by stock analysts at JPMorgan Chase & Co. in a research report issued on Tuesday,London Stock Exchange reports. They presently have a GBX 850 ($10.63) price objective on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 54.21% from the stock’s previous close.

Separately, Deutsche Bank Aktiengesellschaft decreased their target price on Melrose Industries from GBX 675 ($8.44) to GBX 560 ($7.01) and set a “hold” rating on the stock in a research note on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Melrose Industries has a consensus rating of “Moderate Buy” and a consensus target price of GBX 640 ($8.01).

Melrose Industries Stock Performance

LON MRO traded down GBX 4 ($0.05) during trading on Tuesday, hitting GBX 551.20 ($6.90). 3,233,911 shares of the company’s stock traded hands, compared to its average volume of 2,032,001. The business has a 50 day moving average of GBX 531 and a 200-day moving average of GBX 518.44. The stock has a market capitalization of £7.11 billion, a price-to-earnings ratio of -18,373.33, a PEG ratio of 0.48 and a beta of 1.51. Melrose Industries has a 12-month low of GBX 413.58 ($5.17) and a 12-month high of GBX 681.20 ($8.52). The company has a debt-to-equity ratio of 44.03, a quick ratio of 0.45 and a current ratio of 0.86.

Insider Transactions at Melrose Industries

In other Melrose Industries news, insider Ian Barkshire bought 17,000 shares of the stock in a transaction dated Monday, October 21st. The stock was purchased at an average cost of GBX 442 ($5.53) per share, for a total transaction of £75,140 ($94,007.26). Also, insider David Lis sold 7,950 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of GBX 566 ($7.08), for a total value of £44,997 ($56,295.51). 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.