Insider Buying: Melrose Industries PLC (LON:MRO) Insider Acquires £75,140 in Stock

Melrose Industries PLC (LON:MRO) insider Ian Barkshire acquired 17,000 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was purchased at an average price of GBX 442 ($5.74) per share, for a total transaction of £75,140 ($97,559.08).

Melrose Industries Price Performance

Shares of LON MRO opened at GBX 443 ($5.75) on Friday. The company has a debt-to-equity ratio of 44.03, a quick ratio of 0.45 and a current ratio of 0.86. Melrose Industries PLC has a fifty-two week low of GBX 413.58 ($5.37) and a fifty-two week high of GBX 681.20 ($8.84). The stock has a market cap of £5.71 billion, a PE ratio of -14,766.67, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51. The stock has a fifty day moving average of GBX 465.99 and a 200-day moving average of GBX 550.93.

Melrose Industries Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, September 16th. Shareholders of record on Thursday, August 8th were issued a dividend of GBX 2 ($0.03) per share. This represents a yield of 0.34%. The ex-dividend date of this dividend was Thursday, August 8th. Melrose Industries’s payout ratio is presently -20,000.00%.

Wall Street Analysts Forecast Growth

MRO has been the topic of a number of recent research reports. Morgan Stanley initiated coverage on Melrose Industries in a research report on Friday, September 6th. They set an “equal weight” rating and a GBX 500 ($6.49) price target on the stock. Royal Bank of Canada raised shares of Melrose Industries to an “outperform” rating and set a GBX 650 ($8.44) price objective on the stock in a report on Monday, July 8th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Melrose Industries from GBX 675 ($8.76) to GBX 560 ($7.27) and set a “hold” rating for the company in a research note on Friday, September 13th.

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.