UBS Group reiterated their buy rating on shares of Melrose Industries (LON:MRO) in a research note published on Thursday, September 5th, Digital Look reports. UBS Group currently has a GBX 250 ($3.27) price target on the stock.
MRO has been the subject of several other reports. Numis Securities reaffirmed a buy rating on shares of Melrose Industries in a research report on Monday, June 3rd. Peel Hunt restated a buy rating on shares of Melrose Industries in a research note on Monday, September 2nd. Royal Bank of Canada restated a top pick rating and set a GBX 245 ($3.20) target price on shares of Melrose Industries in a research note on Friday, August 30th. Barclays restated an overweight rating on shares of Melrose Industries in a research note on Friday, May 24th. Finally, Goldman Sachs Group reiterated a buy rating on shares of Melrose Industries in a research note on Tuesday, August 13th. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of GBX 243 ($3.18).
Shares of LON MRO traded up GBX 3.70 ($0.05) during trading on Thursday, hitting GBX 208.70 ($2.73). 4,850,786 shares of the company were exchanged, compared to its average volume of 14,820,000. Melrose Industries has a 12-month low of GBX 145.95 ($1.91) and a 12-month high of GBX 226.40 ($2.96). The company has a debt-to-equity ratio of 58.32, a quick ratio of 0.68 and a current ratio of 1.08. The company has a fifty day moving average price of GBX 178.31 and a 200-day moving average price of GBX 181.11. The firm has a market capitalization of $10.07 billion and a PE ratio of -32.11.
The company also recently disclosed a dividend, which will be paid on Friday, October 11th. Stockholders of record on Thursday, September 12th will be paid a GBX 1.70 ($0.02) dividend. This represents a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, September 12th. Melrose Industries’s dividend payout ratio is presently -0.77%.
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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