Key Points
- Insider purchase: Matthew Gregory bought 46,702 shares on March 25 at an average price of GBX 502, totaling £234,444.04.
- Share performance & metrics: Shares opened at GBX 498.50 (down ~1%), trading below 50- and 200-day moving averages (~GBX 591.52/599.88) with a 52-week range of GBX 376–685; market cap £6.25bn and P/E ~20.3.
- Analyst view: Deutsche Bank cut its target from GBX 620 to GBX 570 (hold), while consensus is a "Moderate Buy" with an average target of GBX 680 (three buys, one hold).
Melrose Industries PLC (LON:MRO - Get Free Report) insider Matthew Gregory bought 46,702 shares of the firm's stock in a transaction on Wednesday, March 25th. The stock was purchased at an average cost of GBX 502 per share, with a total value of £234,444.04.
Melrose Industries Trading Down 1.0%
Shares of LON MRO opened at GBX 498.50 on Friday. The firm's 50 day moving average price is GBX 591.52 and its 200-day moving average price is GBX 599.88. Melrose Industries PLC has a 52-week low of GBX 376 and a 52-week high of GBX 685. The company has a debt-to-equity ratio of 77.89, a quick ratio of 0.45 and a current ratio of 0.98. The company has a market cap of £6.25 billion, a PE ratio of 20.26, a P/E/G ratio of 0.48 and a beta of 0.91.
Melrose Industries (LON:MRO - Get Free Report) last announced its quarterly earnings results on Friday, February 27th. The company reported GBX 32.20 earnings per share for the quarter. Melrose Industries had a net margin of 10.31% and a return on equity of 13.03%. On average, equities research analysts expect that Melrose Industries PLC will post 33.9741641 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, Deutsche Bank Aktiengesellschaft reduced their target price on Melrose Industries from GBX 620 to GBX 570 and set a "hold" rating for the company in a report on Monday. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, Melrose Industries currently has a consensus rating of "Moderate Buy" and an average target price of GBX 680.
Check Out Our Latest Research 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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
