Melrose Industries (LON:MRO) Insider Matthew Gregory Purchases 46,702 Shares of Stock

Melrose Industries PLC (LON:MRO) insider Matthew Gregory purchased 46,702 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The stock was acquired at an average price of GBX 502 per share, with a total value of £234,444.04.

Melrose Industries Trading Down 1.0%

LON:MRO opened at GBX 498.50 on Friday. Melrose Industries PLC has a one year low of GBX 376 and a one year high of GBX 685. The company has a debt-to-equity ratio of 77.89, a current ratio of 0.98 and a quick ratio of 0.45. The company’s 50-day simple moving average is GBX 591.52 and its 200 day simple moving average is GBX 599.88. The firm has a market capitalization of £6.25 billion, a P/E ratio of 20.26, a PEG ratio of 0.48 and a beta of 0.91.

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

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft cut their price target on Melrose Industries from GBX 620 to GBX 570 and set a “hold” rating on the stock in a research note on Monday. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Melrose Industries currently has a consensus rating of “Moderate Buy” and an average target price of GBX 680.

About Melrose Industries

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.