Melrose Industries PLC (LON:MRO – Get Free Report) crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of GBX 475 and traded as high as GBX 481.50. Melrose Industries shares last traded at GBX 479.70, with a volume of 2,946,589 shares trading hands.
Analyst Upgrades and Downgrades
MRO has been the subject of a number of research analyst reports. Royal Bank Of Canada restated an “outperform” rating and set a GBX 800 price objective on shares of Melrose Industries in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft lifted their target price on Melrose Industries from GBX 570 to GBX 575 and gave the company a “hold” rating in a report on Wednesday, August 19th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Melrose Industries currently has a consensus rating of “Moderate Buy” and an average price target of GBX 708.33.
Read Our Latest Analysis on Melrose Industries
Melrose Industries Price Performance
The company has a debt-to-equity ratio of 71.81, a current ratio of 1.07 and a quick ratio of 0.45. The company’s 50-day simple moving average is GBX 475 and its 200-day simple moving average is GBX 506.96. The company has a market cap of £6.09 billion, a price-to-earnings ratio of 38.16, a P/E/G ratio of 0.48 and a beta of 0.89.
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.
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