Shares of Melrose Industries PLC (LON:MRO – Get Rating) have earned an average rating of “Buy” from the eight research firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is GBX 231.38 ($3.02).
MRO has been the topic of several recent analyst reports. Citigroup reiterated a “buy” rating and issued a GBX 200 ($2.61) price target on shares of Melrose Industries in a report on Wednesday. Barclays reissued an “overweight” rating and set a GBX 205 ($2.67) price objective on shares of Melrose Industries in a research report on Tuesday, March 15th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a GBX 220 ($2.87) price objective on shares of Melrose Industries in a research report on Wednesday.
In other Melrose Industries news, insider Charlotte Twyning bought 16,596 shares of the firm’s stock in a transaction on Thursday, April 7th. The stock was acquired at an average price of GBX 120 ($1.56) per share, with a total value of £19,915.20 ($25,951.52). Also, insider David Lis bought 35,000 shares of the firm’s stock in a transaction on Thursday, March 3rd. The stock was acquired at an average cost of GBX 133 ($1.73) per share, with a total value of £46,550 ($60,659.37). In the last ninety days, insiders bought 74,096 shares of company stock valued at $9,256,520.
The business also recently declared a dividend, which will be paid on Friday, May 20th. Stockholders of record on Thursday, April 7th will be given a GBX 1 ($0.01) dividend. This represents a dividend yield of 0.75%. The ex-dividend date is Thursday, April 7th. This is a positive change from Melrose Industries’s previous dividend of $0.75. Melrose Industries’s payout ratio is currently 0.09%.
About Melrose Industries (Get Rating)
Melrose Industries PLC engages in the aerospace, automotive, powder metallurgy, air management, and other industrial businesses in the United Kingdom, rest of Europe, North America, and internationally. Its Aerospace segment provides airframe and engine structures, and electrical interconnection systems for the aerospace industry in civil airframe and defense platforms.
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