Melrose Industries (LON:MRO) Receives Outperform Rating from Royal Bank Of Canada

Royal Bank Of Canada restated their outperform rating on shares of Melrose Industries (LON:MRO – Free Report) in a report released on Friday,London Stock Exchange reports. Royal Bank Of Canada currently has a GBX 800 price target on the stock.

Melrose Industries Price Performance

Melrose Industries stock opened at GBX 468.30 on Friday. The stock’s 50 day moving average is GBX 471.46 and its 200 day moving average is GBX 528.10. Melrose Industries has a one year low of GBX 409.90 and a one year high of GBX 685. The firm has a market cap of £5.84 billion, a P/E ratio of 16.15, a P/E/G ratio of 0.48 and a beta of 0.84. The company has a debt-to-equity ratio of 71.81, a current ratio of 1.07 and a quick ratio of 0.45.

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Melrose Industries (LON:MRO – Get Free Report) last released its earnings results on Friday, July 31st. The company reported GBX 17.80 earnings per share for the quarter. Melrose Industries had a net margin of 4.28% and a return on equity of 5.63%. As a group, research analysts expect that Melrose Industries will post 33.9741641 EPS for the current year.

Insider Buying and Selling

In other news, insider Guy Hachey purchased 18,000 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were acquired at an average price of GBX 449 per share, with a total value of £80,820. Also, insider Ross McCluskey purchased 21,434 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were purchased at an average cost of GBX 475 per share, for a total transaction of £101,811.50. Insiders bought 63,101 shares of company stock valued at $29,444,975 over the last quarter. Insiders own 2.59% of the company’s stock.

About Melrose Industries

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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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