Liberum Capital reiterated their buy rating on shares of Melrose Industries PLC (LON:MRO) in a research note issued to investors on Friday morning. They currently have a GBX 260 ($3.21) target price on the stock.
MRO has been the subject of a number of other reports. Panmure Gordon began coverage on Melrose Industries PLC in a research report on Friday, January 6th. They set a buy rating and a GBX 294 ($3.63) price objective for the company. Deutsche Bank AG raised their price objective on Melrose Industries PLC from GBX 180 ($2.22) to GBX 220 ($2.72) and gave the stock a hold rating in a research report on Monday, March 6th. Peel Hunt raised their price objective on Melrose Industries PLC from GBX 210 ($2.59) to GBX 240 ($2.96) and gave the stock a buy rating in a research report on Tuesday, January 17th. Bank of America Corp raised their price objective on Melrose Industries PLC from GBX 200 ($2.47) to GBX 220 ($2.72) and gave the stock a buy rating in a research report on Wednesday, January 11th. Finally, Numis Securities Ltd raised Melrose Industries PLC to a buy rating and set a GBX 245 ($3.03) price objective for the company in a research report on Tuesday, December 6th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of GBX 263.63 ($3.26).
Shares of Melrose Industries PLC (LON:MRO) traded up 0.55% during mid-day trading on Friday, hitting GBX 227.00. 3,612,885 shares of the stock were exchanged. Melrose Industries PLC has a 12 month low of GBX 63.06 and a 12 month high of GBX 250.50. The company has a 50-day moving average price of GBX 215.46 and a 200-day moving average price of GBX 187.96. The stock’s market cap is GBX 4.28 billion.
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The company also recently announced a dividend, which will be paid on Tuesday, May 16th. Investors of record on Thursday, April 6th will be issued a dividend of GBX 1.90 ($0.02) per share. This represents a yield of 0.79%. This is a boost from Melrose Industries PLC’s previous dividend of $1.40. The ex-dividend date of this dividend is Thursday, April 6th.
Melrose Industries PLC Company Profile
Melrose Industries PLC is a United Kingdom-based company, which is engaged in buying manufacturing businesses. The Company operates through an Energy segment, which includes the Brush business that is a specialist supplier of energy industrial products to the global market. The Company’s Brush Turbogenerators is an independent manufacturer of electricity generating equipment for the power generation, industrial, oil and gas, and offshore sectors, and also supplies switchgear, transformers and other power infrastructure equipment.
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