Melrose Industries PLC (LON:MRO) Receives GBX 256.25 Average Target Price from Analysts

Shares of Melrose Industries PLC (LON:MRO – Get Rating) have been assigned an average rating of “Buy” from the six ratings firms that are presently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a buy recommendation. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 345 ($4.29).

Several research firms have recently commented on MRO. Royal Bank of Canada upped their price objective on Melrose Industries from GBX 165 ($2.05) to GBX 175 ($2.18) and gave the stock an “outperform” rating in a research note on Friday, February 10th. JPMorgan Chase & Co. increased their price target on Melrose Industries from GBX 500 ($6.22) to GBX 620 ($7.71) and gave the stock an “overweight” rating in a research note on Thursday. Finally, Citigroup reiterated a “buy” rating and issued a GBX 560 ($6.97) price target on shares of Melrose Industries in a research note on Wednesday.

Insiders Place Their Bets

In related news, insider Charlotte Twyning bought 6,689 shares of Melrose Industries stock in a transaction dated Thursday, May 18th. The shares were acquired at an average cost of GBX 471 ($5.86) per share, with a total value of £31,505.19 ($39,185.56). In related news, insider Peter Dilnot bought 32,111 shares of Melrose Industries stock in a transaction dated Thursday, April 20th. The shares were acquired at an average cost of GBX 380 ($4.73) per share, with a total value of £122,021.80 ($151,768.41). Also, insider Charlotte Twyning acquired 6,689 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The shares were acquired at an average cost of GBX 471 ($5.86) per share, for a total transaction of £31,505.19 ($39,185.56). 1.32% of the stock is owned by insiders.

Melrose Industries Price Performance

LON MRO opened at GBX 475 ($5.91) on Wednesday. The business’s fifty day moving average price is GBX 313.01 and its 200-day moving average price is GBX 200.12. The stock has a market capitalization of £6.41 billion, a price-to-earnings ratio of -2,794.12, a PEG ratio of 0.49 and a beta of 1.66. The company has a debt-to-equity ratio of 26.00, a current ratio of 0.96 and a quick ratio of 0.45. Melrose Industries has a 1-year low of GBX 284.46 ($3.54) and a 1-year high of GBX 513.90 ($6.39).

Melrose Industries Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, April 18th. Shareholders of record on Thursday, March 9th were paid a GBX 1.50 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, March 9th. This represents a yield of 0.97%. This is an increase from Melrose Industries’s previous dividend of $0.83. Melrose Industries’s dividend payout ratio (DPR) is presently -4,117.65%.

Melrose Industries Company Profile

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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.