Melrose Industries (LON:MRO) Shares Cross Above 200-Day Moving Average – Time to Sell?

Melrose Industries PLC (LON:MRO)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 598.66 and traded as high as GBX 621.60. Melrose Industries shares last traded at GBX 621, with a volume of 2,259,569 shares changing hands.

Analyst Upgrades and Downgrades

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

Melrose Industries Stock Up 1.4%

The company has a market cap of £7.91 billion, a P/E ratio of 25.61, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51. The company has a quick ratio of 0.45, a current ratio of 0.86 and a debt-to-equity ratio of 44.03. The company has a fifty day moving average of GBX 601.81 and a 200 day moving average of GBX 599.18.

About Melrose Industries

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.