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

Melrose Industries (LON:MRO - Get Free Report)'s stock had its "overweight" rating restated by equities researchers at JPMorgan Chase & Co. in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. They presently have a GBX 850 ($10.63) price target on the stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 53.66% from the stock's previous close.

Separately, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Melrose Industries from GBX 675 ($8.44) to GBX 560 ($7.01) and set a "hold" rating on the stock in a report on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of GBX 640 ($8.01).

Melrose Industries Trading Down 0.4 %

MRO traded down GBX 2.05 ($0.03) during trading on Tuesday, reaching GBX 553.16 ($6.92). 1,581,232 shares of the company's stock were exchanged, compared to its average volume of 1,618,831. Melrose Industries has a one year low of GBX 413.58 ($5.17) and a one year high of GBX 681.20 ($8.52). 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 market capitalization of £7.14 billion, a PE ratio of -18,438.50, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51. The firm has a fifty day moving average price of GBX 531 and a two-hundred day moving average price of GBX 518.44.

Insider Activity

In other news, insider Ian Barkshire acquired 17,000 shares of Melrose Industries stock in a transaction dated Monday, October 21st. The shares were bought at an average cost of GBX 442 ($5.53) per share, with a total value of £75,140 ($94,007.26). Also, insider David Lis sold 7,950 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of GBX 566 ($7.08), for a total transaction of £44,997 ($56,295.51). 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.