Key Points
- Ian Barkshire purchased 15,700 shares of Melrose Industries on April 30 at an average price of GBX 481 per share, a total transaction of £75,517.
- Shares opened at GBX 483.23, trading below both the 50‑day (GBX 533.47) and 200‑day (GBX 584.29) moving averages; the stock has a market cap of about £6.03 billion, a P/E of 16.66, a 1‑year range of GBX 439.50–685, and a debt‑to‑equity ratio of 67.32.
- Analysts hold a consensus rating of “Moderate Buy” with an average target of GBX 680, although Deutsche Bank recently cut its target to GBX 570 and assigned a “hold”; overall street ratings include three Buys and one Hold.
Melrose Industries PLC (LON:MRO - Get Free Report) insider Ian Barkshire purchased 15,700 shares of the company's stock in a transaction that occurred on Thursday, April 30th. The stock was purchased at an average price of GBX 481 per share, for a total transaction of £75,517.
Melrose Industries Stock Performance
Shares of Melrose Industries stock opened at GBX 483.23 on Friday. The stock has a market cap of £6.03 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 0.48 and a beta of 0.92. The firm's 50-day moving average is GBX 533.47 and its 200 day moving average is GBX 584.29. Melrose Industries PLC has a 1 year low of GBX 439.50 and a 1 year high of GBX 685. The company has a debt-to-equity ratio of 67.32, a current ratio of 0.98 and a quick ratio of 0.45.
Melrose Industries (LON:MRO - Get Free Report) last issued its earnings results on Friday, February 27th. The company reported GBX 32.20 earnings per share for the quarter. Melrose Industries had a return on equity of 13.03% and a net margin of 10.31%. Sell-side analysts anticipate that Melrose Industries PLC will post 33.9741641 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Separately, Deutsche Bank Aktiengesellschaft decreased their target price on Melrose Industries from GBX 620 to GBX 570 and set a "hold" rating for the company in a research report on Monday, March 23rd. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, Melrose Industries has a consensus rating of "Moderate Buy" and an average target price of GBX 680.
Check Out Our Latest Stock Analysis on Melrose Industries
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. 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.
Further Reading
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