Melrose Industries (LON:MRO) Earns “Overweight” Rating from JPMorgan Chase & Co.

Melrose Industries (LON:MRO)‘s stock had its “overweight” rating restated by equities researchers at JPMorgan Chase & Co. in a research note issued on Tuesday, Marketbeat reports. They currently have a GBX 850 ($10.51) target price on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 52.84% from the company’s previous close.

Separately, Deutsche Bank Aktiengesellschaft lowered their price objective on Melrose Industries from GBX 675 ($8.34) to GBX 560 ($6.92) and set a “hold” rating on the stock in a report on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 640 ($7.91).

Melrose Industries Trading Up 0.3 %

LON:MRO opened at GBX 556.12 ($6.87) on Tuesday. The stock’s 50 day moving average price is GBX 535.29 and its 200 day moving average price is GBX 517.42. Melrose Industries has a 52 week low of GBX 413.58 ($5.11) and a 52 week high of GBX 681.20 ($8.42). The company has a market capitalization of £7.17 billion, a P/E ratio of -18,537.40, a P/E/G ratio of 0.48 and a beta of 1.51. The company has a debt-to-equity ratio of 44.03, a quick ratio of 0.45 and a current ratio of 0.86.

Insider Activity at Melrose Industries

In other news, insider David Lis sold 7,950 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of GBX 566 ($7.00), for a total value of £44,997 ($55,620.52). Also, insider Ian Barkshire purchased 17,000 shares of the business’s stock in a transaction on Monday, October 21st. The shares were acquired at an average price of GBX 442 ($5.46) per share, with a total value of £75,140 ($92,880.10). Corporate insiders own 1.00% of the company’s 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.