Numis Securities reaffirmed their buy rating on shares of Melrose Industries (LON:MRO) in a research report released on Monday. The brokerage currently has a GBX 250 ($3.36) price target on the stock.

MRO has been the subject of several other research reports. Deutsche Bank restated a hold rating and set a GBX 220 ($2.96) target price on shares of Melrose Industries in a report on Friday, August 25th. Peel Hunt restated a buy rating and set a GBX 240 ($3.23) target price on shares of Melrose Industries in a report on Tuesday, October 31st. J P Morgan Chase & Co restated an overweight rating and set a GBX 250 ($3.36) target price on shares of Melrose Industries in a report on Wednesday, November 22nd. Barclays restated an overweight rating and set a GBX 255 ($3.43) target price on shares of Melrose Industries in a report on Thursday, August 17th. Finally, Liberum Capital restated a buy rating and set a GBX 260 ($3.50) target price on shares of Melrose Industries in a report on Thursday, August 31st. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Melrose Industries presently has an average rating of Buy and a consensus target price of GBX 255.42 ($3.44).

Shares of Melrose Industries (LON:MRO) traded up GBX 0.70 ($0.01) during mid-day trading on Monday, hitting GBX 204.70 ($2.76). 6,800,140 shares of the stock traded hands, compared to its average volume of 5,020,000. Melrose Industries has a 52 week low of GBX 2.13 ($0.03) and a 52 week high of GBX 261.90 ($3.52).

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About Melrose Industries

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