Deutsche Bank reiterated their buy rating on shares of Melrose Industries (LON:MRO) in a research note issued to investors on Monday morning, ThisIsMoney.Co.Uk reports.
Other equities research analysts have also recently issued reports about the company. Peel Hunt reissued a buy rating and issued a GBX 240 ($3.14) target price on shares of Melrose Industries in a research note on Thursday, April 4th. Royal Bank of Canada reissued a top pick rating and issued a GBX 245 ($3.20) target price (up from GBX 235 ($3.07)) on shares of Melrose Industries in a research note on Wednesday, April 10th. UBS Group reissued a buy rating on shares of Melrose Industries in a research note on Thursday, April 4th. Goldman Sachs Group reissued a buy rating and issued a GBX 230 ($3.01) target price on shares of Melrose Industries in a research note on Wednesday, March 13th. Finally, Bank of America lowered their target price on Melrose Industries from GBX 250 ($3.27) to GBX 240 ($3.14) and set a buy rating for the company in a research note on Tuesday, January 8th. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of GBX 247 ($3.23).
LON MRO opened at GBX 191.18 ($2.50) on Monday. The firm has a market capitalization of $9.29 billion and a PE ratio of -15.93. Melrose Industries has a 52 week low of GBX 145.95 ($1.91) and a 52 week high of GBX 248.80 ($3.25). The company has a quick ratio of 0.76, a current ratio of 1.17 and a debt-to-equity ratio of 46.15.
The business also recently disclosed a dividend, which will be paid on Monday, May 20th. Investors of record on Thursday, April 4th will be paid a dividend of GBX 3.05 ($0.04) per share. The ex-dividend date of this dividend is Thursday, April 4th. This is a boost from Melrose Industries’s previous dividend of $1.55. This represents a dividend yield of 1.64%. Melrose Industries’s payout ratio is -0.42%.
In related news, insider David Lis sold 3,500 shares of Melrose Industries stock in a transaction on Friday, March 15th. The stock was sold at an average price of GBX 185 ($2.42), for a total transaction of £6,475 ($8,460.73).
Melrose Industries Company Profile
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.
Featured Article: Short Selling
Receive News & Ratings for Melrose Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Melrose Industries and related companies with MarketBeat.com's FREE daily email newsletter.