Melrose Industries (LON:MRO) Insider Guy Hachey Purchases 27,000 Shares of Stock

Melrose Industries PLC (LON:MRO) insider Guy Hachey acquired 27,000 shares of Melrose Industries stock in a transaction dated Tuesday, September 9th. The shares were purchased at an average cost of GBX 611 per share, with a total value of £164,970.

Melrose Industries Stock Down 1.2%

Shares of Melrose Industries stock opened at GBX 596.40 on Thursday. The firm has a market cap of £7.55 billion, a PE ratio of 2,424.39, a P/E/G ratio of 0.48 and a beta of 1.51. The business’s 50 day simple moving average is GBX 561.47 and its 200 day simple moving average is GBX 511.17. The company has a debt-to-equity ratio of 44.03, a quick ratio of 0.45 and a current ratio of 0.86. Melrose Industries PLC has a 52-week low of GBX 376 and a 52-week high of GBX 682.60.

Melrose Industries (LON:MRO) last issued its quarterly earnings results on Friday, August 1st. The company reported GBX 15.20 earnings per share for the quarter. Melrose Industries had a negative net margin of 1.13% and a negative return on equity of 1.18%. On average, analysts predict that Melrose Industries PLC will post 33.9741641 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MRO has been the topic of a number of research analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 650 target price on shares of Melrose Industries in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft raised their target price on Melrose Industries from GBX 585 to GBX 620 and gave the company a “hold” rating in a report on Monday. Peel Hunt restated a “buy” rating and issued a GBX 750 target price on shares of Melrose Industries in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 600 price target on shares of Melrose Industries in a report on Wednesday, July 2nd. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Melrose Industries has a consensus rating of “Moderate Buy” and a consensus target price of GBX 655.

Melrose Industries Company Profile

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.