Melrose Industries (LON:MRO) PT Lowered to GBX 560 at Deutsche Bank Aktiengesellschaft

Melrose Industries (LON:MRO) had its price target lowered by Deutsche Bank Aktiengesellschaft from GBX 675 ($8.83) to GBX 560 ($7.32) in a research note published on Friday, Digital Look reports. The brokerage currently has a hold rating on the stock.

A number of other analysts also recently issued reports on MRO. Morgan Stanley assumed coverage on shares of Melrose Industries in a report on Friday, September 6th. They set an equal weight rating and a GBX 500 ($6.54) price target on the stock. Royal Bank of Canada raised shares of Melrose Industries to an outperform rating and set a GBX 650 ($8.50) price target on the stock in a report on Monday, July 8th.

Melrose Industries Stock Down 2.4 %

MRO stock traded down GBX 11.70 ($0.15) during trading on Friday, hitting GBX 467.20 ($6.11). 1,989,057 shares of the stock traded hands, compared to its average volume of 7,013,042. Melrose Industries has a 1 year low of GBX 434.12 ($5.68) and a 1 year high of GBX 681.20 ($8.91). The firm’s 50 day moving average is GBX 516.10 and its two-hundred day moving average is GBX 583.88. The stock has a market cap of £6.03 billion, a price-to-earnings ratio of -15,573.33, a price-to-earnings-growth ratio of 0.50 and a beta of 1.51. The company has a debt-to-equity ratio of 44.03, a current ratio of 0.86 and a quick ratio of 0.45.

Melrose Industries Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 8th will be issued a GBX 2 ($0.03) dividend. This represents a dividend yield of 0.34%. The ex-dividend date is Thursday, August 8th. Melrose Industries’s payout ratio is -20,000.00%.

Insider Buying and Selling

In other Melrose Industries news, insider Gillian Elcock acquired 3,680 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average price of GBX 453 ($5.92) per share, with a total value of £16,670.40 ($21,799.92). In other news, insider Matthew Gregory bought 9,740 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were bought at an average price of GBX 510 ($6.67) per share, for a total transaction of £49,674 ($64,958.81). Also, insider Gillian Elcock bought 3,680 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were purchased at an average price of GBX 453 ($5.92) per share, for a total transaction of £16,670.40 ($21,799.92). 1.00% of the stock is currently owned by insiders.

Melrose Industries Company Profile

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.