Key Points
- Insider purchase: CEO Chris Grigg bought 17,901 shares on March 4 at GBX 540 per share, a transaction totalling £96,665.40.
- Current trading and valuation: Shares opened at GBX 540.40 and are trading down ~3%, with a market cap of £6.78 billion, a P/E of 21.97, and a 12‑month range of GBX 376–685.
- Analyst outlook: JPMorgan lifted its target to GBX 750, and the stock carries a consensus “Moderate Buy” with an average target of GBX 692.50 (three Buys, one Hold).
Melrose Industries PLC (LON:MRO - Get Free Report) insider Chris Grigg bought 17,901 shares of the business's stock in a transaction on Wednesday, March 4th. The stock was purchased at an average price of GBX 540 per share, for a total transaction of £96,665.40.
Melrose Industries Trading Down 3.0%
LON:MRO opened at GBX 540.40 on Friday. The company has a market cap of £6.78 billion, a P/E ratio of 21.97, a price-to-earnings-growth ratio of 0.48 and a beta of 0.91. Melrose Industries PLC has a twelve month low of GBX 376 and a twelve month high of GBX 685. The business has a 50 day moving average price of GBX 622.81 and a two-hundred day moving average price of GBX 608.39. The company has a quick ratio of 0.45, a current ratio of 0.98 and a debt-to-equity ratio of 77.89.
Melrose Industries (LON:MRO - Get Free Report) last posted its quarterly earnings data on Friday, February 27th. The company reported GBX 32.20 earnings per share (EPS) for the quarter. Melrose Industries had a net margin of 10.31% and a return on equity of 13.03%. As a group, analysts expect that Melrose Industries PLC will post 33.9741641 EPS for the current fiscal year.
Analysts Set New Price Targets
Separately, JPMorgan Chase & Co. boosted their price target on shares of Melrose Industries from GBX 600 to GBX 750 and gave the stock an "overweight" rating in a research report on Monday, November 17th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of GBX 692.50.
Check Out Our Latest Stock Report on Melrose Industries
About Melrose Industries
(
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. The Structures segment provides civil and defence air frames, including lightweight composite and metallic structures; and electrical distribution systems and components to airframe original equipment manufacturers.
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