Insider Buying: Melrose Industries PLC (LON:MRO) Insider Purchases 17,000 Shares of Stock

Melrose Industries PLC (LON:MRO - Get Free Report) insider Ian Barkshire bought 17,000 shares of the stock in a transaction on Monday, October 21st. The shares were acquired at an average cost of GBX 442 ($5.74) per share, for a total transaction of £75,140 ($97,559.08).

Melrose Industries Stock Performance

MRO stock traded down GBX 2.50 ($0.03) during midday trading on Wednesday, hitting GBX 446 ($5.79). The stock had a trading volume of 3,776,475 shares, compared to its average volume of 6,611,667. Melrose Industries PLC has a 52 week low of GBX 413.58 ($5.37) and a 52 week high of GBX 681.20 ($8.84). The company has a current ratio of 0.86, a quick ratio of 0.45 and a debt-to-equity ratio of 44.03. The stock has a 50-day simple moving average of GBX 468.61 and a 200 day simple moving average of GBX 553.99. The firm has a market capitalization of £5.75 billion, a price-to-earnings ratio of -14,826.67, a P/E/G ratio of 0.48 and a beta of 1.51.

Melrose Industries Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, September 16th. Investors of record on Thursday, August 8th were paid a GBX 2 ($0.03) dividend. The ex-dividend date was Thursday, August 8th. This represents a yield of 0.34%. Melrose Industries's payout ratio is currently -20,000.00%.

Analysts Set New Price Targets

MRO has been the subject of a number of recent analyst reports. Morgan Stanley started coverage on Melrose Industries in a research report on Friday, September 6th. They set an "equal weight" rating and a GBX 500 ($6.49) target price for the company. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Melrose Industries from GBX 675 ($8.76) to GBX 560 ($7.27) and set a "hold" rating for the company in a report on Friday, September 13th. Finally, Royal Bank of Canada upgraded Melrose Industries to an "outperform" rating and set a GBX 650 ($8.44) target price for the company in a research note on Monday, July 8th.

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.