Melrose Industries (LON:MRO) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Melrose Industries PLC (LON:MRO) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 576.42 and traded as high as GBX 586. Melrose Industries shares last traded at GBX 586, with a volume of 523,877 shares.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on MRO shares. JPMorgan Chase & Co. boosted their target price on shares of Melrose Industries from GBX 600 to GBX 750 and gave the company an “overweight” rating in a research report on Monday, November 17th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Melrose Industries from GBX 585 to GBX 620 and gave the company a “hold” rating in a research report on Monday, September 8th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 692.50.

Melrose Industries Stock Performance

The firm’s 50 day moving average is GBX 597.91 and its 200 day moving average is GBX 576.42. The company has a debt-to-equity ratio of 44.03, a quick ratio of 0.45 and a current ratio of 0.86. The stock has a market cap of £7.39 billion, a P/E ratio of 23.82, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51.

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. The Structures segment provides civil and defence air frames, including lightweight composite and metallic structures; and electrical distribution systems and components to airframe original equipment manufacturers.