Melrose Industries PLC (LON:MRO) Insider Sells £44,997 in Stock

Melrose Industries PLC (LON:MRO) insider David Lis sold 7,950 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of GBX 566 ($7.17), for a total value of £44,997 ($57,037.65).

Melrose Industries Stock Performance

Shares of Melrose Industries stock opened at GBX 566.80 ($7.18) on Friday. The company has a market capitalization of £7.31 billion, a P/E ratio of -18,893.33, a P/E/G ratio of 0.48 and a beta of 1.51. The company has a debt-to-equity ratio of 44.03, a quick ratio of 0.45 and a current ratio of 0.86. The company has a fifty day moving average of GBX 497.36 and a 200 day moving average of GBX 526.56. Melrose Industries PLC has a fifty-two week low of GBX 413.58 ($5.24) and a fifty-two week high of GBX 681.20 ($8.63).

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft cut their price objective on Melrose Industries from GBX 675 ($8.56) to GBX 560 ($7.10) and set a “hold” rating on the stock in a research report on Friday, September 13th. Morgan Stanley started coverage on Melrose Industries in a research report on Friday, September 6th. They set an “equal weight” rating and a GBX 500 ($6.34) price objective on the stock. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 850 ($10.77) price target on shares of Melrose Industries in a research report on Thursday, December 5th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 640 ($8.11).

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.