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

Melrose Industries PLC (LON:MROGet Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 506.44 and traded as high as GBX 514.20. Melrose Industries shares last traded at GBX 494.80, with a volume of 5,380,437 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MRO. Deutsche Bank Aktiengesellschaft raised their price target on Melrose Industries from GBX 570 to GBX 575 and gave the stock a “hold” rating in a research note on Wednesday, August 19th. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 800 price objective on shares of Melrose Industries in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 708.33.

Check Out Our Latest Stock Analysis on MRO

Melrose Industries Stock Performance

The business has a 50 day moving average price of GBX 481.28 and a two-hundred day moving average price of GBX 505.48. The company has a quick ratio of 0.45, a current ratio of 1.07 and a debt-to-equity ratio of 71.81. The stock has a market cap of £6.11 billion, a P/E ratio of 38.31, a price-to-earnings-growth ratio of 0.48 and a beta of 0.84.

Melrose Industries (LON:MROGet Free Report) last announced its quarterly earnings results on Friday, July 31st. The company reported GBX 17.80 earnings per share (EPS) for the quarter. Melrose Industries had a net margin of 4.28% and a return on equity of 5.63%. On average, sell-side analysts forecast that Melrose Industries PLC will post 33.9741641 earnings per share for the current fiscal year.

Insider Activity at Melrose Industries

In other news, insider Guy Hachey purchased 18,000 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were purchased at an average price of GBX 449 per share, for a total transaction of £80,820. Also, insider Chris Grigg acquired 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was purchased at an average price of GBX 472 per share, with a total value of £94,400. Over the last quarter, insiders bought 63,101 shares of company stock worth $29,444,975. Company insiders own 2.59% of the company’s stock.

About Melrose Industries

(Get Free Report)

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.

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