Melrose Industries (MRO) Stock Rating Reaffirmed by Liberum Capital

Melrose Industries (LON:MRO)‘s stock had its “buy” rating reaffirmed by equities researchers at Liberum Capital in a research note issued on Thursday. They currently have a GBX 235 ($3.14) price objective on the stock. Liberum Capital’s target price would indicate a potential upside of 8.00% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Peel Hunt reissued a “buy” rating and set a GBX 240 ($3.21) target price on shares of Melrose Industries in a research note on Thursday. Numis Securities reissued a “buy” rating and set a GBX 250 ($3.34) target price on shares of Melrose Industries in a research note on Monday, December 4th. Royal Bank of Canada lowered their target price on shares of Melrose Industries from GBX 240 ($3.21) to GBX 235 ($3.14) and set an “outperform” rating on the stock in a research note on Friday, November 24th. Deutsche Bank reissued a “hold” rating and set a GBX 220 ($2.94) target price on shares of Melrose Industries in a research note on Friday, October 13th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 250 ($3.34) target price on shares of Melrose Industries in a research note on Wednesday, November 22nd. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of GBX 253.33 ($3.39).

Melrose Industries (LON MRO) opened at GBX 217.60 ($2.91) on Thursday. Melrose Industries has a 52 week low of GBX 2.13 ($0.03) and a 52 week high of GBX 261.90 ($3.50).

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About Melrose Industries

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