Melrose Industries (LON:MRO) Insider Chris Grigg Buys 17,901 Shares

Melrose Industries PLC (LON:MRO) insider Chris Grigg purchased 17,901 shares of Melrose Industries stock in a transaction dated Wednesday, March 4th. The stock was bought at an average price of GBX 540 per share, for a total transaction of £96,665.40.

Melrose Industries Trading Down 3.0%

LON MRO opened at GBX 540.40 on Friday. Melrose Industries PLC has a 12 month low of GBX 376 and a 12 month high of GBX 685. The stock has a 50-day simple moving average of GBX 622.81 and a 200 day simple moving average of GBX 608.39. The company has a current ratio of 0.98, a quick ratio of 0.45 and a debt-to-equity ratio of 77.89. The company has a market capitalization of £6.78 billion, a PE ratio of 21.97, a P/E/G ratio of 0.48 and a beta of 0.91.

Melrose Industries (LON:MRO) last posted its earnings results on Friday, February 27th. The company reported GBX 32.20 earnings per share (EPS) for the quarter. Melrose Industries had a return on equity of 13.03% and a net margin of 10.31%. Research analysts forecast that Melrose Industries PLC will post 33.9741641 EPS for the current year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. increased their target price on shares of Melrose Industries from GBX 600 to GBX 750 and gave the stock an “overweight” rating in a report on Monday, November 17th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 692.50.

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.