Melrose Industries' (MRO) Overweight Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their overweight rating on shares of Melrose Industries (LON:MRO - Free Report) in a report issued on Thursday morning, Marketbeat.com reports. The brokerage currently has a GBX 850 ($10.80) price target on the stock.

MRO has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Melrose Industries from GBX 675 ($8.58) to GBX 560 ($7.12) and set a "hold" rating on the stock in a research report on Friday, September 13th. Morgan Stanley assumed coverage on Melrose Industries in a research report on Friday, September 6th. They set an "equal weight" rating and a GBX 500 ($6.35) target price on the stock. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of GBX 640 ($8.13).

Melrose Industries Price Performance

Shares of LON MRO traded down GBX 9.18 ($0.12) during trading on Thursday, reaching GBX 578.02 ($7.34). The company had a trading volume of 2,441,572 shares, compared to its average volume of 6,365,524. The company has a current ratio of 0.86, a quick ratio of 0.45 and a debt-to-equity ratio of 44.03. Melrose Industries has a twelve month low of GBX 413.58 ($5.26) and a twelve month high of GBX 681.20 ($8.66). The stock has a 50-day moving average price of GBX 485.39 and a two-hundred day moving average price of GBX 528.34. The stock has a market capitalization of £7.46 billion, a PE ratio of -19,173.33, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51.

Insider Transactions at Melrose Industries

In other Melrose Industries news, insider Ian Barkshire purchased 17,000 shares of Melrose Industries stock in a transaction that occurred on Monday, October 21st. The stock was purchased at an average price of GBX 442 ($5.62) per share, with a total value of £75,140 ($95,476.49). Corporate insiders own 1.00% of the company's stock.

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.