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

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

Melrose Industries Price Performance

LON:MRO opened at GBX 446.20 ($5.79) on Thursday. The company has a debt-to-equity ratio of 44.03, a current ratio of 0.86 and a quick ratio of 0.45. Melrose Industries PLC has a one year low of GBX 413.58 ($5.37) and a one year high of GBX 681.20 ($8.84). The company has a fifty day moving average price of GBX 468.61 and a 200 day moving average price of GBX 553.99. The stock has a market cap of £5.76 billion, a P/E ratio of -14,873.33, a PEG ratio of 0.48 and a beta of 1.51.

Melrose Industries Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, August 8th were given a dividend of GBX 2 ($0.03) per share. This represents a dividend yield of 0.34%. The ex-dividend date was Thursday, August 8th. Melrose Industries’s dividend payout ratio is currently -20,000.00%.

Analyst Upgrades and Downgrades

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

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.