Shares of Melrose Industries PLC (LON:MRO - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 522.21 ($6.62) and traded as high as GBX 643.80 ($8.16). Melrose Industries shares last traded at GBX 640.81 ($8.12), with a volume of 1,985,843 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a GBX 850 ($10.77) 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 assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of GBX 640 ($8.11).
Get Our Latest Research Report on Melrose Industries
Melrose Industries Trading Down 2.0 %
The stock has a market capitalization of £7.92 billion, a price-to-earnings ratio of -207.25, a PEG ratio of 0.48 and a beta of 1.51. 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 business's 50-day simple moving average is GBX 581.07 and its two-hundred day simple moving average is GBX 523.84.
Insider Activity
In other news, insider David Lis sold 7,950 shares of Melrose Industries stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of GBX 566 ($7.17), for a total transaction of £44,997 ($57,015.97). Insiders own 1.00% of the company's stock.
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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