Melrose Industries (LON:MRO) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Melrose Industries PLC (LON:MRO) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 514.42 ($6.93) and traded as high as GBX 649.80 ($8.76). Melrose Industries shares last traded at GBX 644.01 ($8.68), with a volume of 4,872,421 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on MRO shares. Peel Hunt restated a “buy” rating and set a GBX 750 target price on shares of Melrose Industries in a report on Friday, August 1st. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 600 target price on shares of Melrose Industries in a report on Wednesday, July 2nd. Royal Bank Of Canada restated an “outperform” rating and set a GBX 650 target price on shares of Melrose Industries in a report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Melrose Industries from GBX 585 to GBX 620 and gave the stock a “hold” rating in a report on Monday, September 8th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 655.

Melrose Industries Price Performance

The company has a debt-to-equity ratio of 44.03, a current ratio of 0.86 and a quick ratio of 0.45. The company’s 50-day simple moving average is GBX 586.53 and its 200-day simple moving average is GBX 514.42. The stock has a market capitalization of £8.15 billion, a P/E ratio of 2,617.91, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51.

Melrose Industries (LON:MRO) last posted its quarterly earnings results on Friday, August 1st. The company reported GBX 15.20 earnings per share (EPS) for the quarter. Melrose Industries had a negative net margin of 1.13% and a negative return on equity of 1.18%. As a group, sell-side analysts expect that Melrose Industries PLC will post 33.9741641 EPS for the current fiscal year.

Insider Activity at Melrose Industries

In related news, insider Guy Hachey acquired 27,000 shares of the firm’s stock in a transaction on Tuesday, September 9th. The shares were purchased at an average cost of GBX 611 per share, for a total transaction of £164,970. 2.40% of the stock is currently owned by corporate insiders.

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.