Melrose Industries (LON:MRO) Price Target Cut to GBX 560 by Analysts at Deutsche Bank Aktiengesellschaft

Melrose Industries (LON:MRO) had its price target cut by Deutsche Bank Aktiengesellschaft from GBX 675 ($8.83) to GBX 560 ($7.32) in a research note issued on Friday, Digital Look reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 19.86% from the stock’s previous close.

A number of other equities research analysts also recently commented on MRO. Royal Bank of Canada raised shares of Melrose Industries to an “outperform” rating and set a GBX 650 ($8.50) target price for the company in a research report on Monday, July 8th. Morgan Stanley assumed coverage on shares of Melrose Industries in a research note on Friday, September 6th. They issued an “equal weight” rating and a GBX 500 ($6.54) target price on the stock.

Melrose Industries Stock Performance

Shares of LON:MRO traded down GBX 11.70 ($0.15) during midday trading on Friday, reaching GBX 467.20 ($6.11). 1,989,057 shares of the company’s stock traded hands, compared to its average volume of 7,013,042. The company has a debt-to-equity ratio of 44.03, a quick ratio of 0.45 and a current ratio of 0.86. The company has a market cap of £6.03 billion, a price-to-earnings ratio of -15,573.33, a P/E/G ratio of 0.50 and a beta of 1.51. The stock has a 50 day moving average of GBX 516.10 and a 200 day moving average of GBX 583.88. Melrose Industries has a one year low of GBX 434.12 ($5.68) and a one year high of GBX 681.20 ($8.91).

Insider Buying and Selling

In related news, insider Gillian Elcock bought 3,680 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were purchased at an average cost of GBX 453 ($5.92) per share, with a total value of £16,670.40 ($21,799.92). In other news, insider Matthew Gregory purchased 9,740 shares of Melrose Industries stock in a transaction dated Friday, August 2nd. The shares were purchased at an average price of GBX 510 ($6.67) per share, with a total value of £49,674 ($64,958.81). Also, insider Gillian Elcock purchased 3,680 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was acquired at an average cost of GBX 453 ($5.92) per share, for a total transaction of £16,670.40 ($21,799.92). 1.00% of the stock is owned by company insiders.

About Melrose Industries

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.