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

Melrose Industries (LON:MRO) had its price target lowered by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 675 ($8.83) to GBX 560 ($7.32) in a note issued to investors on Friday, Digital Look reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 19.86% from the stock’s current price.

A number of other research analysts have also recently issued reports on MRO. Royal Bank of Canada raised shares of Melrose Industries to an “outperform” rating and set a GBX 650 ($8.50) price target for the company in a research report on Monday, July 8th. Morgan Stanley started coverage on shares of Melrose Industries in a research report on Friday, September 6th. They set an “equal weight” rating and a GBX 500 ($6.54) target price for the company.

Melrose Industries Price Performance

MRO traded down GBX 11.70 ($0.15) during midday trading on Friday, hitting GBX 467.20 ($6.11). The stock had a trading volume of 1,989,057 shares, compared to its average volume of 7,013,042. The company has a market cap of £6.03 billion, a P/E ratio of -15,573.33, a price-to-earnings-growth ratio of 0.50 and a beta of 1.51. The business has a fifty day moving average of GBX 516.10 and a 200 day moving average of GBX 583.88. Melrose Industries has a 1 year low of GBX 434.12 ($5.68) and a 1 year high of GBX 681.20 ($8.91). 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 Transactions at Melrose Industries

In other Melrose Industries news, insider Matthew Gregory acquired 9,740 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were acquired at an average cost of GBX 510 ($6.67) per share, with a total value of £49,674 ($64,958.81). In related news, insider Gillian Elcock bought 3,680 shares of the stock in a transaction dated Monday, August 5th. The shares were acquired at an average cost of GBX 453 ($5.92) per share, for a total transaction of £16,670.40 ($21,799.92). Also, insider Matthew Gregory purchased 9,740 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were purchased at an average price of GBX 510 ($6.67) per share, with a total value of £49,674 ($64,958.81). 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.