Melrose Industries (LON:MRO) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Melrose Industries PLC (LON:MRO) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 522.03 ($6.57) and traded as high as GBX 551.40 ($6.94). Melrose Industries shares last traded at GBX 544 ($6.85), with a volume of 1,931,788 shares changing hands.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MRO. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 850 ($10.70) target price on shares of Melrose Industries in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft decreased their price objective on Melrose Industries from GBX 675 ($8.49) to GBX 560 ($7.05) and set a “hold” rating on the stock in a report on Friday, September 13th. Finally, Morgan Stanley started coverage on Melrose Industries in a research note on Friday, September 6th. They issued an “equal weight” rating and a GBX 500 ($6.29) target price for the company. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Melrose Industries currently has a consensus rating of “Moderate Buy” and an average price target of GBX 640 ($8.05).

Melrose Industries Trading Down 0.8 %

The company has a debt-to-equity ratio of 44.03, a quick ratio of 0.45 and a current ratio of 0.86. The firm has a market capitalization of £7.05 billion, a price-to-earnings ratio of -18,226.67, a P/E/G ratio of 0.48 and a beta of 1.51. The business has a fifty day moving average price of GBX 518.06 and a 200 day moving average price of GBX 521.54.

Insiders Place Their Bets

In other Melrose Industries news, insider Ian Barkshire purchased 17,000 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The stock was purchased at an average cost of GBX 442 ($5.56) per share, with a total value of £75,140 ($94,551.40). Also, insider David Lis sold 7,950 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of GBX 566 ($7.12), for a total value of £44,997 ($56,621.37). 1.00% of the stock is currently owned by insiders.

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.