Melrose Industries (LON:MRO) Sets New 12-Month Low – Here’s Why

Melrose Industries PLC (LON:MRO) shares reached a new 52-week low on Friday . The stock traded as low as GBX 369.40 ($4.55) and last traded at GBX 569.40 ($7.01), with a volume of 2739606 shares trading hands. The stock had previously closed at GBX 562.20 ($6.92).

Analyst Ratings Changes

MRO has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Melrose Industries from GBX 675 ($8.31) to GBX 560 ($6.89) and set a “hold” rating on the stock in a research note on Friday, September 13th. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 850 ($10.46) price target on shares of Melrose Industries in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Melrose Industries has an average rating of “Moderate Buy” and a consensus target price of GBX 640 ($7.87).

Melrose Industries Stock Performance

The company has a market capitalization of £7.34 billion, a PE ratio of -18,956.63, a PEG ratio of 0.48 and a beta of 1.51. The firm’s 50-day simple moving average is GBX 536.83 and its 200-day simple moving average is GBX 516.96. The company has a current ratio of 0.86, a quick ratio of 0.45 and a debt-to-equity ratio of 44.03.

Insider Buying and Selling

In related news, insider David Lis sold 7,950 shares of Melrose Industries stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of GBX 566 ($6.96), for a total transaction of £44,997 ($55,367.29). Also, insider Ian Barkshire purchased 17,000 shares of the business’s stock in a transaction dated Monday, October 21st. The stock was bought at an average price of GBX 442 ($5.44) per share, for a total transaction of £75,140 ($92,457.24). 1.00% 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.