Melrose Industries PLC (LON:MRO)‘s stock had its “buy” rating restated by analysts at Liberum Capital in a report released on Thursday. They presently have a GBX 260 ($3.36) price objective on the stock. Liberum Capital’s target price suggests a potential upside of 8.45% from the stock’s previous close.
Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. boosted their target price on shares of Melrose Industries PLC from GBX 194 ($2.51) to GBX 250 ($3.23) and gave the company an “overweight” rating in a research report on Friday, March 3rd. Panmure Gordon restated a “buy” rating and issued a GBX 355 ($4.59) target price on shares of Melrose Industries PLC in a research report on Tuesday, April 25th. Barclays PLC restated an “overweight” rating on shares of Melrose Industries PLC in a research report on Tuesday, March 21st. Deutsche Bank AG boosted their target price on shares of Melrose Industries PLC from GBX 180 ($2.33) to GBX 220 ($2.85) and gave the company a “hold” rating in a research report on Monday, March 6th. Finally, Peel Hunt boosted their target price on shares of Melrose Industries PLC from GBX 210 ($2.72) to GBX 240 ($3.10) and gave the company a “buy” rating in a research report on Tuesday, January 17th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of GBX 252.86 ($3.27).
Melrose Industries PLC (LON:MRO) opened at 239.75 on Thursday. Melrose Industries PLC has a 52-week low of GBX 70.14 and a 52-week high of GBX 250.50. The firm’s market cap is GBX 4.52 billion. The company has a 50-day moving average of GBX 230.91 and a 200 day moving average of GBX 204.31.
The business also recently declared 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. The ex-dividend date is Thursday, April 6th. This is a positive change from Melrose Industries PLC’s previous dividend of $1.40. This represents a dividend yield of 0.79%.
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About Melrose Industries PLC
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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