Deutsche Bank Aktiengesellschaft Trims Melrose Industries (LON:MRO) Target Price to GBX 560

Melrose Industries (LON:MRO) had its price objective decreased by Deutsche Bank Aktiengesellschaft from GBX 675 ($8.92) to GBX 560 ($7.40) in a research note issued to investors on Friday morning, MarketBeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

A number of other research analysts also recently issued reports on the stock. Royal Bank of Canada raised shares of Melrose Industries to an outperform rating and set a GBX 650 ($8.59) price objective on the stock in a research report on Monday, July 8th. Morgan Stanley began coverage on shares of Melrose Industries in a research report on Friday, September 6th. They issued an equal weight rating and a GBX 500 ($6.61) price objective on the stock.

Melrose Industries Stock Down 2.6 %

Shares of Melrose Industries stock opened at GBX 467.20 ($6.17) on Friday. The firm’s 50 day moving average price is GBX 513.88 and its 200-day moving average price is GBX 582.79. The company has a quick ratio of 0.45, a current ratio of 0.86 and a debt-to-equity ratio of 44.03. Melrose Industries has a 52-week low of GBX 434.12 ($5.73) and a 52-week high of GBX 681.20 ($9.00). The company has a market cap of £6.03 billion, a P/E ratio of -15,573.33, a PEG ratio of 0.50 and a beta of 1.51.

Melrose Industries Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, September 16th. Investors of record on Thursday, August 8th were paid a GBX 2 ($0.03) dividend. 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%.

Insider Buying and Selling

In related news, insider Gillian Elcock bought 3,680 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average cost of GBX 453 ($5.98) per share, for a total transaction of £16,670.40 ($22,021.66). In other Melrose Industries news, insider Gillian Elcock acquired 3,680 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was acquired at an average cost of GBX 453 ($5.98) per share, for a total transaction of £16,670.40 ($22,021.66). Also, insider Matthew Gregory acquired 9,740 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were acquired at an average price of GBX 510 ($6.74) per share, with a total value of £49,674 ($65,619.55). 1.00% of the stock is owned by company insiders.

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.