Brokerages Set Melrose Industries PLC (LON:MRO) Price Target at GBX 198.20

Shares of Melrose Industries PLC (LON:MROGet Rating) have received an average recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is GBX 198.20 ($2.39).

Several research firms have commented on MRO. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 215 ($2.60) price objective on shares of Melrose Industries in a report on Monday, August 8th. Barclays decreased their price target on shares of Melrose Industries from GBX 205 ($2.48) to GBX 180 ($2.17) and set an “overweight” rating on the stock in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Melrose Industries in a research note on Tuesday.

Melrose Industries Stock Performance

Shares of MRO opened at GBX 111.75 ($1.35) on Tuesday. The company has a debt-to-equity ratio of 25.84, a quick ratio of 0.45 and a current ratio of 0.87. Melrose Industries has a twelve month low of GBX 107.50 ($1.30) and a twelve month high of GBX 187.40 ($2.26). The firm’s 50 day moving average price is GBX 146.92 and its two-hundred day moving average price is GBX 135.99. The firm has a market cap of £4.53 billion and a P/E ratio of 6.31.

Melrose Industries Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, October 20th. Shareholders of record on Thursday, September 15th will be given a dividend of GBX 0.83 ($0.01) per share. This represents a yield of 0.6%. The ex-dividend date is Thursday, September 15th. Melrose Industries’s dividend payout ratio is presently 0.09%.

Melrose Industries Company Profile

(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 (LON:MRO)

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