Insider Buying: Melrose Industries (LON:MRO) Insider Buys 17,901 Shares of Stock

Melrose Industries PLC (LON:MRO) insider Chris Grigg acquired 17,901 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were acquired at an average cost of GBX 540 per share, for a total transaction of £96,665.40.

Melrose Industries Stock Down 1.0%

MRO traded down GBX 5.52 during midday trading on Thursday, reaching GBX 551.48. The company’s stock had a trading volume of 15,876,646 shares, compared to its average volume of 21,849,174. Melrose Industries PLC has a 1 year low of GBX 376 and a 1 year high of GBX 685. The stock’s 50-day moving average is GBX 623.72 and its 200-day moving average is GBX 608.87. The firm has a market capitalization of £6.92 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 0.48 and a beta of 1.07. The company has a current ratio of 0.98, a quick ratio of 0.45 and a debt-to-equity ratio of 77.89.

Melrose Industries (LON:MRO) last issued its quarterly earnings results on Friday, February 27th. The company reported GBX 32.20 EPS for the quarter. Melrose Industries had a return on equity of 13.03% and a net margin of 10.31%. As a group, research analysts expect that Melrose Industries PLC will post 33.9741641 EPS for the current year.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. increased their target price on Melrose Industries from GBX 600 to GBX 750 and gave the stock an “overweight” rating in a research note on Monday, November 17th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 692.50.

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. The Structures segment provides civil and defence air frames, including lightweight composite and metallic structures; and electrical distribution systems and components to airframe original equipment manufacturers.