Melrose Industries (LON:MRO) had its price target boosted by equities researchers at Barclays from GBX 250 ($3.29) to GBX 270 ($3.55) in a research report issued to clients and investors on Monday, January 20th, Stock Target Advisor reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target indicates a potential upside of 11.66% from the stock’s previous close.
Several other research analysts have also recently commented on the company. Citigroup increased their price target on Melrose Industries from GBX 230 ($3.03) to GBX 255 ($3.35) and gave the company a “buy” rating in a research report on Thursday, November 21st. UBS Group reiterated a “buy” rating and issued a GBX 285 ($3.75) price target (up previously from GBX 250 ($3.29)) on shares of Melrose Industries in a research note on Tuesday, December 10th. Goldman Sachs Group upped their target price on shares of Melrose Industries from GBX 230 ($3.03) to GBX 250 ($3.29) and gave the company a “conviction-buy” rating in a report on Monday, January 13th. BNP Paribas upgraded Melrose Industries to an “outperform” rating and set a GBX 270 ($3.55) price objective on the stock in a research note on Thursday, November 28th. Finally, Royal Bank of Canada decreased their target price on Melrose Industries from GBX 265 ($3.49) to GBX 260 ($3.42) and set an “outperform” rating on the stock in a report on Friday, January 17th. Twelve analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of GBX 256.36 ($3.37).
LON MRO traded down GBX 6.70 ($0.09) during trading hours on Monday, reaching GBX 241.80 ($3.18). 7,624,885 shares of the company’s stock were exchanged, compared to its average volume of 14,820,000. The company has a market capitalization of $11.75 billion and a price-to-earnings ratio of -37.20. Melrose Industries has a one year low of GBX 154.20 ($2.03) and a one year high of GBX 254.60 ($3.35). The company’s 50-day moving average is GBX 239.57 and its two-hundred day moving average is GBX 211.80. The company has a debt-to-equity ratio of 58.32, a quick ratio of 0.68 and a current ratio of 1.08.
Melrose Industries PLC engages in the aerospace, automotive, powder metallurgy, air and security, and other industrial businesses. Its Aerospace segment supplies airframe and engine structures, landing gears, specialist technologies, and aftermarket services for commercial and military aircraft. The company's Automotive segment designs, develops, manufactures, and integrates driveline technologies for car manufacturers; and operates as an all-wheel drive systems integrator and electric powertrain systems engineer.
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