Melrose Industries (LON:MRO) Stock Rating Upgraded by Royal Bank of Canada

Melrose Industries (LON:MRO) was upgraded by analysts at Royal Bank of Canada to an “outperform” rating in a research report issued on Monday, MarketBeat Ratings reports. The brokerage presently has a GBX 650 ($8.33) target price on the stock. Royal Bank of Canada’s price target indicates a potential upside of 15.62% from the company’s previous close.

Melrose Industries Price Performance

LON MRO opened at GBX 562.20 ($7.20) on Monday. The stock has a market capitalization of £7.31 billion, a price-to-earnings ratio of -30,060.00, a PEG ratio of 0.73 and a beta of 1.59. Melrose Industries has a 1-year low of GBX 445.40 ($5.71) and a 1-year high of GBX 681.20 ($8.73). The company has a debt-to-equity ratio of 23.05, a current ratio of 0.86 and a quick ratio of 0.45. The business’s fifty day moving average price is GBX 599.12 and its 200-day moving average price is GBX 608.45.

Insiders Place Their Bets

In other Melrose Industries news, insider Justin Dowley bought 2,950 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was bought at an average cost of GBX 598 ($7.66) per share, for a total transaction of £17,641 ($22,596.39). Insiders own 0.99% of the company’s stock.

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.