Melrose Industries’ (MRO) “Overweight” Rating Reaffirmed at JPMorgan Chase & Co.

Melrose Industries (LON:MRO)‘s stock had its “overweight” rating reaffirmed by equities researchers at JPMorgan Chase & Co. in a report released on Tuesday,London Stock Exchange reports. They presently have a GBX 850 ($10.63) price target on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 54.21% from the company’s previous close.

Separately, Deutsche Bank Aktiengesellschaft decreased their target price on Melrose Industries from GBX 675 ($8.44) to GBX 560 ($7.01) and set a “hold” rating on the stock in a report on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Melrose Industries presently has an average rating of “Moderate Buy” and an average price target of GBX 640 ($8.01).

Melrose Industries Stock Performance

LON MRO traded down GBX 4 ($0.05) during trading hours on Tuesday, hitting GBX 551.20 ($6.90). 3,233,911 shares of the company’s stock traded hands, compared to its average volume of 2,032,001. The company has a current ratio of 0.86, a quick ratio of 0.45 and a debt-to-equity ratio of 44.03. Melrose Industries has a 52 week low of GBX 413.58 ($5.17) and a 52 week high of GBX 681.20 ($8.52). The firm has a market capitalization of £7.11 billion, a P/E ratio of -18,373.33, a P/E/G ratio of 0.48 and a beta of 1.51. The business’s fifty day moving average price is GBX 531 and its two-hundred day moving average price is GBX 518.44.

Insider Buying and Selling

In related news, insider Ian Barkshire bought 17,000 shares of the stock in a transaction on Monday, October 21st. The stock was bought at an average price of GBX 442 ($5.53) per share, for a total transaction of £75,140 ($94,007.26). Also, insider David Lis sold 7,950 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of GBX 566 ($7.08), for a total value of £44,997 ($56,295.51). 1.00% of the stock is owned by corporate 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.