Melrose Industries PLC (LON:MRO – Get Rating) has received a ‘Buy’ consensus rating from six research firms covering the stock, MarketBeat.com reports. Five equity research analysts gave the stock a buy rating. The average 1-year price target for analysts who covered the stock last year is GBX 186.25 ($2.24).
MRO has been the subject of several research reports. Numis Securities reaffirmed its ‘buy’ rating and set his GBX 190 ($2.28) target price on Melrose Industries shares in its research notes for Thursday, Jan. 19. The Royal Bank of Canada has raised Melrose Industries’ target price from He GBX 165 ($1.98) to He GBX 175 ($2.10), giving it an ‘excellent’ rating in its research notes on Friday, Feb. 10. . Finally, JPMorgan Chase & Co. reaffirmed its ‘unrated’ rating on Melrose Industries shares in a research note on Friday, January 20.
Melrose Industries price/performance ratio
Shares of MRO opened at GBX 161.80 ($1.95) on Friday. The company has a market capitalization of £6.55 billion, a price/earnings ratio of -1,246.97, a price/earnings ratio of 0.49 and a beta of 1.65. The company has an equity ratio of 25.98, a quick ratio of 0.45 and a current ratio of 0.96. His one year low for Melrose Industries is GBX 94.82 ($1.14) and his one year high is GBX 169.25 ($2.04). The stock price has a 50-day moving average of GBX 146.77 and a 200-day moving average of GBX 129.98.
Melrose Industries increases dividend
The business recently announced a dividend to be paid on Tuesday, April 18th. Investors of record on Thursday, March 9th will be awarded a dividend of GBX 1.50 ($0.02). This is a positive change from Melrose Industries’ previous dividend of $0.83. The ex-dividend date for this dividend is Thursday, March 9. This represents a dividend yield of 0.97%. Melrose Industries has a dividend payout ratio (DPR) of -1,538.46%.
Melrose Industries Company Profile
Melrose Industries PLC is involved in aerospace, automotive, powder metallurgy and other industrial operations in the UK, the rest of Europe, North America and internationally. Its Aerospace segment provides airframe and engine structures, electrical interconnection systems for the aerospace industry of commercial airframes and defense platforms.
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