Melrose Industries (LON:MRO) Given New GBX 570 Price Target at Deutsche Bank Aktiengesellschaft

Melrose Industries (LON:MRO) had its price objective trimmed by Deutsche Bank Aktiengesellschaft from GBX 620 to GBX 570 in a report published on Monday morning, Marketbeat reports. The firm currently has a hold rating on the stock.

Melrose Industries Trading Up 1.9%

Shares of LON:MRO opened at GBX 494.30 on Monday. The company has a quick ratio of 0.45, a current ratio of 0.98 and a debt-to-equity ratio of 77.89. The company’s 50-day moving average price is GBX 600.08 and its 200 day moving average price is GBX 602.18. The company has a market cap of £6.19 billion, a PE ratio of 20.09, a P/E/G ratio of 0.48 and a beta of 0.91. Melrose Industries has a fifty-two week low of GBX 376 and a fifty-two week high of GBX 685.

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

Insider Transactions at Melrose Industries

In other Melrose Industries news, insider Chris Grigg bought 17,901 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were purchased at an average cost of GBX 540 per share, for a total transaction of £96,665.40. 2.56% of the stock is owned by company insiders.

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.