Deutsche Bank AG Reiterates “Hold” Rating for Melrose Industries PLC (MRO)
Melrose Industries PLC (LON:MRO)‘s stock had its “hold” rating reissued by equities researchers at Deutsche Bank AG in a note issued to investors on Friday. They presently have a GBX 220 ($2.86) target price on the stock. Deutsche Bank AG’s price objective indicates a potential downside of 6.42% from the company’s previous close.
Other equities analysts also recently issued reports about the stock. Goldman Sachs Group, Inc. (The) began coverage on shares of Melrose Industries PLC in a research note on Wednesday, August 2nd. They set a “buy” rating and a GBX 270 ($3.51) price objective on the stock. J P Morgan Chase & Co reiterated an “overweight” rating on shares of Melrose Industries PLC in a research note on Monday, July 24th. Beaufort Securities reiterated a “buy” rating on shares of Melrose Industries PLC in a research note on Friday, May 12th. Barclays PLC reiterated an “overweight” rating and set a GBX 255 ($3.31) price objective on shares of Melrose Industries PLC in a research note on Thursday, August 17th. Finally, Liberum Capital reiterated a “buy” rating and set a GBX 260 ($3.38) price objective on shares of Melrose Industries PLC in a research note on Thursday, May 11th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Melrose Industries PLC has an average rating of “Buy” and a consensus price target of GBX 255 ($3.31).
Melrose Industries PLC (MRO) opened at 235.10 on Friday. The company’s 50-day moving average price is GBX 233.86 and its 200-day moving average price is GBX 232.70. The firm’s market capitalization is GBX 4.44 billion. Melrose Industries PLC has a 1-year low of GBX 144.00 and a 1-year high of GBX 261.70.
In related news, insider David Alexander Roper sold 2,000,000 shares of the stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of GBX 255 ($3.31), for a total transaction of £5,100,000 ($6,620,797.09).
About Melrose Industries PLC
Melrose Industries PLC is a United Kingdom-based company, which is engaged in buying manufacturing businesses. The Company operates through an Energy segment, which includes the Brush business that is a specialist supplier of energy industrial products to the global market. The Company’s Brush Turbogenerators is an independent manufacturer of electricity generating equipment for the power generation, industrial, oil and gas, and offshore sectors, and also supplies switchgear, transformers and other power infrastructure equipment.
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