Melrose Industries PLC (MRO) Receives Consensus Rating of “Buy” from Brokerages

Shares of Melrose Industries PLC (LON:MRO) have been given a consensus recommendation of “Buy” by the twelve brokerages that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is GBX 260.91 ($3.43).

MRO has been the topic of a number of recent analyst reports. Deutsche Bank AG reissued a “hold” rating and issued a GBX 220 ($2.89) price target on shares of Melrose Industries PLC in a report on Friday, August 25th. Peel Hunt reaffirmed a “buy” rating and set a GBX 240 ($3.16) target price on shares of Melrose Industries PLC in a research note on Tuesday, October 31st. Barclays PLC reaffirmed an “overweight” rating and set a GBX 255 ($3.35) target price on shares of Melrose Industries PLC in a research note on Thursday, August 17th. BNP Paribas lowered shares of Melrose Industries PLC to a “neutral” rating and set a GBX 250 ($3.29) target price on the stock. in a research note on Tuesday, July 18th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of Melrose Industries PLC in a research note on Monday, July 24th.

Shares of Melrose Industries PLC (MRO) traded up GBX 1.30 ($0.02) during trading on Thursday, reaching GBX 212.60 ($2.80). 3,195,808 shares of the company’s stock were exchanged, compared to its average volume of 4,730,000. Melrose Industries PLC has a 1-year low of GBX 164 ($2.16) and a 1-year high of GBX 261.90 ($3.44).

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Melrose Industries PLC Company Profile

Analyst Recommendations for Melrose Industries PLC (LON:MRO)

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