Melrose Industries PLC (LON:MRO) Insider Ian Barkshire Acquires 17,000 Shares

Melrose Industries PLC (LON:MRO) insider Ian Barkshire purchased 17,000 shares of the stock in a transaction dated Monday, October 21st. The shares were purchased at an average price of GBX 442 ($5.74) per share, with a total value of £75,140 ($97,559.08).

Melrose Industries Price Performance

Melrose Industries stock opened at GBX 445.70 ($5.79) on Wednesday. The firm has a market cap of £5.75 billion, a PE ratio of -14,846.67, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51. Melrose Industries PLC has a 52-week low of GBX 413.58 ($5.37) and a 52-week high of GBX 681.20 ($8.84). The company has a quick ratio of 0.45, a current ratio of 0.86 and a debt-to-equity ratio of 44.03. The company’s 50 day moving average is GBX 468.61 and its two-hundred day moving average is GBX 553.99.

Melrose Industries Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, September 16th. Shareholders of record on Thursday, August 8th were issued a dividend of GBX 2 ($0.03) per share. This represents a yield of 0.34%. The ex-dividend date of this dividend was Thursday, August 8th. Melrose Industries’s dividend payout ratio (DPR) is presently -20,000.00%.

Wall Street Analyst Weigh In

MRO has been the subject of a number of research analyst reports. Royal Bank of Canada upgraded Melrose Industries to an “outperform” rating and set a GBX 650 ($8.44) target price for the company in a report on Monday, July 8th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Melrose Industries from GBX 675 ($8.76) to GBX 560 ($7.27) and set a “hold” rating for the company in a report on Friday, September 13th. Finally, Morgan Stanley started coverage on shares of Melrose Industries in a report on Friday, September 6th. They set an “equal weight” rating and a GBX 500 ($6.49) target price on the stock.

Melrose Industries Company Profile

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.