Melrose Industries (LON:MRO) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Melrose Industries PLC (LON:MRO) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 609.73 and traded as high as GBX 660. Melrose Industries shares last traded at GBX 651.42, with a volume of 5,644,176 shares.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. raised 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 investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 692.50.

Melrose Industries Trading Down 14.0%

The business has a 50 day moving average of GBX 625.60 and a 200-day moving average of GBX 609.73. The stock has a market cap of £6.90 billion, a PE ratio of 22.37, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51. The company has a current ratio of 0.86, a quick ratio of 0.45 and a debt-to-equity ratio of 44.03.

Melrose Industries (LON:MRO) last released its quarterly earnings results on Friday, February 27th. The company reported GBX 32.20 earnings per share for the quarter. Melrose Industries had a negative return on equity of 1.18% and a negative net margin of 1.13%. On average, analysts anticipate that Melrose Industries PLC will post 33.9741641 EPS for the current year.

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.