JPMorgan Chase & Co. Reiterates “Overweight” Rating for Melrose Industries (LON:MRO)

Melrose Industries (LON:MROGet Free Report)‘s stock had its “overweight” rating restated by equities researchers at JPMorgan Chase & Co. in a report issued on Thursday, MarketBeat Ratings reports. They presently have a GBX 850 ($10.61) price target on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 44.17% from the company’s current price.

Melrose Industries Stock Down 1.3 %

MRO stock opened at GBX 589.60 ($7.36) on Thursday. The stock has a market capitalization of £7.61 billion, a PE ratio of -19,653.33, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51. Melrose Industries has a 52 week low of GBX 413.58 ($5.16) and a 52 week high of GBX 681.20 ($8.51). The company has a quick ratio of 0.45, a current ratio of 0.86 and a debt-to-equity ratio of 44.03. The firm has a 50 day moving average of GBX 554.36 and a 200 day moving average of GBX 516.87.

Insider Activity at Melrose Industries

In other news, insider David Lis sold 7,950 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of GBX 566 ($7.07), for a total value of £44,997 ($56,183.04). 1.00% of the stock is owned by insiders.

Melrose Industries Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Melrose Industries (LON:MRO)

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