Melrose Industries PLC (MRO) Earns Buy Rating from Peel Hunt

Peel Hunt reissued their buy rating on shares of Melrose Industries PLC (LON:MRO) in a research report released on Tuesday. They currently have a GBX 240 ($3.17) price target on the stock.

A number of other analysts also recently issued reports on the company. J P Morgan Chase & Co reduced their price objective on Melrose Industries PLC from GBX 250 ($3.30) to GBX 230 ($3.04) and set an overweight rating on the stock in a research note on Tuesday, July 4th. BNP Paribas downgraded Melrose Industries PLC to a neutral rating and set a GBX 250 ($3.30) price objective on the stock. in a research note on Tuesday, July 18th. Numis Securities Ltd reaffirmed a buy rating and issued a GBX 290 ($3.83) price objective on shares of Melrose Industries PLC in a research note on Friday, September 1st. Liberum Capital reaffirmed a buy rating and issued a GBX 260 ($3.43) price objective on shares of Melrose Industries PLC in a research note on Thursday, August 31st. Finally, Deutsche Bank AG reaffirmed a hold rating on shares of Melrose Industries PLC in a research note on Monday, July 10th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of GBX 260.91 ($3.44).

Shares of Melrose Industries PLC (LON:MRO) traded down GBX 0.90 ($0.01) on Tuesday, reaching GBX 219.10 ($2.89). The company’s stock had a trading volume of 3,644,376 shares.

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The firm also recently disclosed a dividend, which was paid on Friday, October 6th. Investors of record on Thursday, September 7th were issued a dividend of GBX 1.40 ($0.02) per share. This represents a yield of 0.64%. The ex-dividend date of this dividend was Thursday, September 7th.

Melrose Industries PLC Company Profile

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