Melrose Industries (LON:MRO)‘s stock had its “neutral” rating reiterated by stock analysts at Goldman Sachs Group in a research note issued to investors on Friday, ThisIsMoney.Co.Uk reports.
Other equities research analysts have also issued reports about the stock. UBS Group reissued a “buy” rating and set a GBX 131 ($1.61) price objective (down from GBX 145 ($1.78)) on shares of Melrose Industries in a report on Thursday, July 23rd. Morgan Stanley reissued an “equal weight” rating on shares of Melrose Industries in a report on Monday, July 20th. Peel Hunt reissued a “buy” rating on shares of Melrose Industries in a report on Wednesday, July 22nd. Citigroup decreased their target price on shares of Melrose Industries from GBX 135 ($1.66) to GBX 130 ($1.60) and set a “buy” rating for the company in a research report on Wednesday, May 13th. Finally, Barclays restated an “overweight” rating on shares of Melrose Industries in a research report on Friday, July 24th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of GBX 171.10 ($2.11).
Shares of MRO opened at GBX 85.26 ($1.05) on Friday. The firm has a market capitalization of $4.14 billion and a PE ratio of -65.58. The company has a debt-to-equity ratio of 55.56, a current ratio of 1.13 and a quick ratio of 0.68. Melrose Industries has a 1-year low of GBX 1.11 ($0.01) and a 1-year high of GBX 309.40 ($3.81). The company’s fifty day moving average price is GBX 116.62 and its 200-day moving average price is GBX 147.
In other news, insider Charlotte Twyning acquired 14,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was acquired at an average price of GBX 102 ($1.26) per share, for a total transaction of £14,280 ($17,573.22). Also, insider Liz Hewitt acquired 23,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was purchased at an average price of GBX 87 ($1.07) per share, with a total value of £20,010 ($24,624.66).
About Melrose Industries
Melrose Industries PLC engages in the aerospace, automotive, powder metallurgy, air and security, and other industrial businesses. Its Aerospace segment supplies airframe and engine structures, landing gears, specialist technologies, and aftermarket services for commercial and military aircraft. The company's Automotive segment designs, develops, manufactures, and integrates driveline technologies for car manufacturers; and operates as an all-wheel drive systems integrator and electric powertrain systems engineer.
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