Shares of Melrose Industries PLC (LON:MRO) have earned an average rating of “Buy” from the ten ratings firms that are covering the company, MarketBeat reports. Nine investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is GBX 242.50 ($3.17).
Several brokerages recently weighed in on MRO. Peel Hunt reaffirmed a “buy” rating and set a GBX 240 ($3.14) target price on shares of Melrose Industries in a research note on Thursday, April 4th. Deutsche Bank reaffirmed a “buy” rating on shares of Melrose Industries in a research note on Monday, April 15th. UBS Group reaffirmed a “buy” rating on shares of Melrose Industries in a research note on Friday, May 10th. Numis Securities decreased their price target on Melrose Industries from GBX 280 ($3.66) to GBX 250 ($3.27) and set a “buy” rating for the company in a research report on Wednesday, May 1st. Finally, Barclays reiterated an “overweight” rating on shares of Melrose Industries in a research report on Friday, May 24th.
In related news, insider David Lis sold 3,500 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of GBX 185 ($2.42), for a total value of £6,475 ($8,460.73). Also, insider Justin Dowley acquired 23,737 shares of the firm’s stock in a transaction on Wednesday, May 29th. The shares were acquired at an average price of GBX 176 ($2.30) per share, with a total value of £41,777.12 ($54,589.21).
Melrose Industries Company Profile
Melrose Industries PLC engages in the aerospace, automotive, powder metallurgy, air and security, and other industrial businesses. Its Aerospace segment supplies airframe and engine structures, landing gears, specialist technologies, and aftermarket services for commercial and military aircraft. The company's Automotive segment designs, develops, manufactures, and integrates driveline technologies for car manufacturers; and operates as an all-wheel drive systems integrator and electric powertrain systems engineer.
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