Melrose Industries (LON:MRO)‘s stock had its “buy” rating reissued by Liberum Capital in a research report issued to clients and investors on Tuesday. They currently have a GBX 260 ($3.72) target price on the stock. Liberum Capital’s price target points to a potential upside of 16.28% from the company’s previous close.
Other equities analysts have also issued research reports about the company. Peel Hunt reaffirmed a “buy” rating and issued a GBX 240 ($3.44) price objective on shares of Melrose Industries in a research note on Monday, March 19th. Numis Securities reaffirmed a “buy” rating and issued a GBX 250 ($3.58) price objective on shares of Melrose Industries in a research note on Wednesday, February 21st. Finally, Deutsche Bank reaffirmed a “hold” rating on shares of Melrose Industries in a research note on Friday, March 23rd. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Melrose Industries currently has an average rating of “Buy” and a consensus target price of GBX 258.50 ($3.70).
LON:MRO opened at GBX 223.60 ($3.20) on Tuesday. Melrose Industries has a 52-week low of GBX 2.13 ($0.03) and a 52-week high of GBX 261.90 ($3.75).
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About Melrose Industries
Melrose Industries PLC, together with its subsidiaries, designs and manufactures electricity generating equipment for the power generation, industrial, oil and gas, and offshore sectors in the United Kingdom, Europe, North America, and internationally. It operates through four segments: Energy, Air Management, Security & Smart Technology, and Ergonomics.
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