Melrose Industries PLC (LON:MRO - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 519.49 ($6.47) and traded as high as GBX 623.80 ($7.77). Melrose Industries shares last traded at GBX 619.58 ($7.71), with a volume of 3,850,484 shares traded.
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. reissued an "overweight" rating and set a GBX 850 ($10.58) price target on shares of Melrose Industries in a research report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of GBX 640 ($7.97).
View Our Latest Report on Melrose Industries
Melrose Industries Stock Up 1.2 %
The stock has a market capitalization of £8.06 billion, a P/E ratio of -20,826.67, a PEG ratio of 0.48 and a beta of 1.51. The firm has a 50 day simple moving average of GBX 572.76 and a two-hundred day simple moving average of GBX 519.99. The company has a quick ratio of 0.45, a current ratio of 0.86 and a debt-to-equity ratio of 44.03.
Insider Activity at Melrose Industries
In related news, 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 ($7.05), for a total value of £44,997 ($56,029.14). 1.00% of the stock is currently owned by company insiders.
Melrose Industries Company Profile
(
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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.
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