Melrose Industries PLC (LON:MRO - Get Free Report) insider David Lis sold 7,950 shares of the firm's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of GBX 566 ($7.23), for a total transaction of £44,997 ($57,489.46).
Melrose Industries Stock Performance
Shares of Melrose Industries stock traded up GBX 3.80 ($0.05) during trading on Wednesday, reaching GBX 566.80 ($7.24). The company's stock had a trading volume of 1,919,883 shares, compared to its average volume of 6,303,038. The company has a quick ratio of 0.45, a current ratio of 0.86 and a debt-to-equity ratio of 44.03. The business's 50-day moving average price is GBX 493.30 and its 200-day moving average price is GBX 527.23. Melrose Industries PLC has a 52 week low of GBX 413.58 ($5.28) and a 52 week high of GBX 681.20 ($8.70). The firm has a market cap of £7.31 billion, a PE ratio of -18,832.97, a P/E/G ratio of 0.48 and a beta of 1.51.
Analysts Set New Price Targets
A number of research firms have commented on MRO. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Melrose Industries from GBX 675 ($8.62) to GBX 560 ($7.15) and set a "hold" rating for the company in a research report on Friday, September 13th. JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a GBX 850 ($10.86) target price on shares of Melrose Industries in a report on Thursday, December 5th. Finally, Morgan Stanley assumed coverage on shares of Melrose Industries in a research note on Friday, September 6th. They issued an "equal weight" rating and a GBX 500 ($6.39) price target on the stock. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of GBX 640 ($8.18).
View Our Latest Stock Report on MRO
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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