Melrose Industries’ (MRO) Overweight Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their overweight rating on shares of Melrose Industries (LON:MRO) in a research note published on Tuesday morning, Marketbeat.com reports. JPMorgan Chase & Co. currently has a GBX 850 ($10.46) price target on the stock.

Separately, Deutsche Bank Aktiengesellschaft decreased their price objective on Melrose Industries from GBX 675 ($8.31) to GBX 560 ($6.89) and set a “hold” rating for the company in a report on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 640 ($7.87).

Melrose Industries Stock Up 1.3 %

Shares of LON MRO opened at GBX 562.20 ($6.92) on Tuesday. The business has a 50-day moving average price of GBX 536.83 and a 200 day moving average price of GBX 516.96. The stock has a market cap of £7.25 billion, a PE ratio of -18,740.00, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51. The company has a quick ratio of 0.45, a current ratio of 0.86 and a debt-to-equity ratio of 44.03. Melrose Industries has a 52-week low of GBX 413.58 ($5.09) and a 52-week high of GBX 681.20 ($8.38).

Insider Buying and Selling

In related news, insider David Lis sold 7,950 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of GBX 566 ($6.96), for a total transaction of £44,997 ($55,367.29). Also, insider Ian Barkshire acquired 17,000 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was purchased at an average price of GBX 442 ($5.44) per share, for a total transaction of £75,140 ($92,457.24). Corporate insiders own 1.00% of the company’s stock.

About Melrose Industries

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.