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Melrose Industries (LON:MRO) Sets New 12-Month Low - Should You Sell?

Melrose Industries logo with Industrials background

Melrose Industries PLC (LON:MRO - Get Free Report) shares reached a new 52-week low on Friday . The stock traded as low as GBX 369.40 ($4.51) and last traded at GBX 569.40 ($6.95), with a volume of 2739606 shares trading hands. The stock had previously closed at GBX 562.20 ($6.86).

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on MRO shares. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Melrose Industries from GBX 675 ($8.24) to GBX 560 ($6.84) and set a "hold" rating for the company in a research report on Friday, September 13th. JPMorgan Chase & Co. reiterated an "overweight" rating and set a GBX 850 ($10.38) price target on shares of Melrose Industries in a research report on Tuesday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Melrose Industries has a consensus rating of "Moderate Buy" and an average price target of GBX 640 ($7.81).

Read Our Latest Stock Report on MRO

Melrose Industries Stock Performance

The stock's 50-day moving average price is GBX 536.83 and its 200 day moving average price is GBX 516.96. The company has a debt-to-equity ratio of 44.03, a current ratio of 0.86 and a quick ratio of 0.45. The firm has a market cap of £7.30 billion, a P/E ratio of -18,868.23, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51.

Insiders Place Their Bets

In other Melrose Industries news, insider David Lis sold 7,950 shares of the company's stock in a transaction on Monday, December 9th. The shares were sold at an average price of GBX 566 ($6.91), for a total value of £44,997 ($54,941.39). Also, insider Ian Barkshire acquired 17,000 shares of the firm's stock in a transaction on Monday, October 21st. The stock was bought at an average price of GBX 442 ($5.40) per share, for a total transaction of £75,140 ($91,746.03). Insiders own 1.00% of the company's stock.

Melrose Industries Company Profile

(Get Free Report)

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.

Further Reading

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