Melrose Industries PLC (OTCMKTS:MLSPF) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Melrose Industries PLC (OTCMKTS:MLSPFGet Rating) have been assigned an average rating of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $185.50.

Several research firms have recently commented on MLSPF. JPMorgan Chase & Co. lowered their price target on shares of Melrose Industries from GBX 240 ($2.94) to GBX 215 ($2.63) in a report on Wednesday, May 4th. Morgan Stanley reduced their price objective on shares of Melrose Industries from GBX 162 ($1.98) to GBX 156 ($1.91) in a research note on Monday, May 9th. Finally, The Goldman Sachs Group initiated coverage on shares of Melrose Industries in a research note on Tuesday. They issued a “neutral” rating for the company.

Melrose Industries stock opened at $1.87 on Thursday. The company’s fifty day simple moving average is $1.61 and its 200-day simple moving average is $1.84. Melrose Industries has a 12 month low of $1.38 and a 12 month high of $2.65.

About Melrose Industries (Get Rating)

Melrose Industries PLC engages in the aerospace, automotive, powder metallurgy, 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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Analyst Recommendations for Melrose Industries (OTCMKTS:MLSPF)

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