Melrose Industries PLC (LON:MRO – Get Free Report) insider Chris Grigg bought 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were acquired at an average cost of GBX 472 per share, with a total value of £94,400.
Melrose Industries Trading Up 0.7%
Shares of Melrose Industries stock traded up GBX 3.30 on Tuesday, reaching GBX 468.80. 656,769,000 shares of the company’s stock were exchanged, compared to its average volume of 43,845,766. The company has a market capitalization of £5.84 billion, a P/E ratio of 16.17, a price-to-earnings-growth ratio of 0.48 and a beta of 0.86. Melrose Industries PLC has a 52 week low of GBX 443.36 and a 52 week high of GBX 685. The company has a debt-to-equity ratio of 67.32, a quick ratio of 0.45 and a current ratio of 0.98. The firm’s 50-day moving average is GBX 496.57 and its two-hundred day moving average is GBX 554.85.
Wall Street Analysts Forecast Growth
Separately, Deutsche Bank Aktiengesellschaft decreased their target price on Melrose Industries from GBX 620 to GBX 570 and set a “hold” rating for the company in a research report on Monday, March 23rd. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 680.
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.
Recommended Stories
- Five stocks we like better than Melrose Industries
- Okta’s AI Moment May Be Bigger Than Investors Realize
- 3 Rate-Ready Stocks for the New Fed Chair’s First Big Test
- 5 High-Yield Stocks With Analyst Support and Room to Run
- AST SpaceMobile Announces Launch Date for Its Next 3 BlueBird Satellites
Receive News & Ratings for Melrose Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Melrose Industries and related companies with MarketBeat.com's FREE daily email newsletter.
