Melrose Industries (OTCMKTS:MLSPF) Earns Neutral Rating from Analysts at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of Melrose Industries (OTCMKTS:MLSPFGet Rating) in a report issued on Tuesday, The Fly reports. The firm issued a neutral rating on the stock.

MLSPF has been the subject of several other research reports. JPMorgan Chase & Co. dropped their target price on Melrose Industries from GBX 240 ($2.94) to GBX 215 ($2.63) in a research report on Wednesday, May 4th. Morgan Stanley dropped their target price on Melrose Industries from GBX 162 ($1.98) to GBX 156 ($1.91) in a research report on Monday, May 9th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Melrose Industries has an average rating of Moderate Buy and an average price target of $185.50.

Shares of OTCMKTS:MLSPF opened at $1.87 on Tuesday. Melrose Industries has a 1 year low of $1.38 and a 1 year high of $2.65. The business has a 50 day simple moving average of $1.61 and a two-hundred day simple moving average of $1.84.

Melrose Industries Company Profile (Get Rating)

Melrose Industries PLC engages in the aerospace, automotive, powder metallurgy, and other industrial businesses in the United Kingdom, rest of Europe, North America, and internationally. Its Aerospace segment provides airframe and engine structures, and electrical interconnection systems for the aerospace industry in civil airframe and defense platforms.

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Analyst Recommendations for Melrose Industries (OTCMKTS:MLSPF)

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