Deutsche Bank Reiterates “Buy” Rating for Melrose Industries (MRO)

Melrose Industries (LON:MRO)‘s stock had its “buy” rating reissued by equities research analysts at Deutsche Bank in a research note issued on Friday.

Several other equities analysts also recently weighed in on MRO. Royal Bank of Canada reissued a “top pick” rating and set a GBX 235 ($3.07) target price (down previously from GBX 265 ($3.46)) on shares of Melrose Industries in a research report on Tuesday, November 20th. JPMorgan Chase & Co. cut their target price on Melrose Industries from GBX 285 ($3.72) to GBX 245 ($3.20) and set an “overweight” rating on the stock in a research report on Tuesday, December 4th. Goldman Sachs Group cut their target price on Melrose Industries from GBX 240 ($3.14) to GBX 230 ($3.01) and set a “conviction-buy” rating on the stock in a research report on Tuesday, January 8th. Bank of America cut their target price on Melrose Industries from GBX 250 ($3.27) to GBX 240 ($3.14) and set a “buy” rating on the stock in a research report on Tuesday, January 8th. Finally, Peel Hunt reissued a “buy” rating on shares of Melrose Industries in a research report on Monday, February 11th. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Melrose Industries has a consensus rating of “Buy” and an average target price of GBX 250.50 ($3.27).

LON MRO opened at GBX 188 ($2.46) on Friday. The company has a market cap of $9.13 billion and a PE ratio of -15.67. The company has a debt-to-equity ratio of 46.15, a quick ratio of 0.76 and a current ratio of 1.17. Melrose Industries has a fifty-two week low of GBX 145.95 ($1.91) and a fifty-two week high of GBX 248.80 ($3.25).

In other Melrose Industries news, insider David Alexander Roper acquired 643,602 shares of the business’s stock in a transaction on Tuesday, December 18th. The shares were bought at an average price of GBX 155 ($2.03) per share, with a total value of £997,583.10 ($1,303,519.01).

About Melrose Industries

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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Analyst Recommendations for Melrose Industries (LON:MRO)

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