Melrose Industries (LON:MRO) Given “Buy” Rating at Goldman Sachs Group

Goldman Sachs Group reissued their buy rating on shares of Melrose Industries (LON:MRO) in a research note released on Tuesday, ThisIsMoney.Co.Uk reports.

Other equities analysts have also recently issued research reports about the company. Peel Hunt restated a buy rating on shares of Melrose Industries in a research report on Thursday, May 9th. UBS Group restated a buy rating on shares of Melrose Industries in a research report on Friday, June 21st. Numis Securities restated a buy rating on shares of Melrose Industries in a research report on Monday, June 3rd. Barclays restated an overweight rating on shares of Melrose Industries in a research report on Friday, May 24th. Finally, Deutsche Bank restated a buy rating on shares of Melrose Industries in a research report on Monday, April 15th. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of GBX 244.44 ($3.19).

Shares of MRO stock opened at GBX 163.95 ($2.14) on Tuesday. The stock has a market capitalization of $7.97 billion and a PE ratio of -13.66. Melrose Industries has a 52-week low of GBX 145.95 ($1.91) and a 52-week high of GBX 238.50 ($3.12). The stock’s 50-day moving average price is GBX 182.13 and its 200 day moving average price is GBX 180.43. The company has a quick ratio of 0.76, a current ratio of 1.17 and a debt-to-equity ratio of 46.31.

In other Melrose Industries news, insider Justin Dowley bought 23,737 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were bought at an average price of GBX 176 ($2.30) per share, for a total transaction of £41,777.12 ($54,589.21).

About Melrose Industries

Melrose Industries PLC engages in the aerospace, automotive, powder metallurgy, air and security, and other industrial businesses. Its Aerospace segment supplies airframe and engine structures, landing gears, specialist technologies, and aftermarket services for commercial and military aircraft. The company's Automotive segment designs, develops, manufactures, and integrates driveline technologies for car manufacturers; and operates as an all-wheel drive systems integrator and electric powertrain systems engineer.

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Analyst Recommendations for Melrose Industries (LON:MRO)

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