Melrose Industries (LON:MRO – Free Report) 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.
Read Our Latest Stock Report on Melrose Industries
Melrose Industries Stock Down 2.6 %
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.
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