Melrose Industries (LON:MRO) Sets New 12-Month Low – What’s Next?

Shares of Melrose Industries PLC (LON:MRO) reached a new 52-week low on Tuesday . The stock traded as low as GBX 424.60 ($5.54) and last traded at GBX 427.30 ($5.58), with a volume of 3646584 shares. The stock had previously closed at GBX 425.80 ($5.56).

Wall Street Analyst Weigh In

MRO has been the subject of a number of research analyst reports. Royal Bank of Canada raised Melrose Industries to an “outperform” rating and set a GBX 650 ($8.49) target price for the company in a research note on Monday, July 8th. Morgan Stanley started coverage on Melrose Industries in a research note on Friday, September 6th. They set an “equal weight” rating and a GBX 500 ($6.53) target price for the company. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Melrose Industries from GBX 675 ($8.81) to GBX 560 ($7.31) and set a “hold” rating on the stock in a report on Friday, September 13th.

Melrose Industries Stock Up 2.0 %

The company has a debt-to-equity ratio of 44.03, a current ratio of 0.86 and a quick ratio of 0.45. The company has a market capitalization of £5.68 billion, a price-to-earnings ratio of -14,383.33, a PEG ratio of 0.48 and a beta of 1.51. The firm has a 50-day moving average price of GBX 471.67 and a two-hundred day moving average price of GBX 561.12.

Melrose Industries Cuts Dividend

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

Insider Transactions at Melrose Industries

In other Melrose Industries news, insider Matthew Gregory acquired 9,740 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were acquired at an average price of GBX 510 ($6.66) per share, with a total value of £49,674 ($64,865.50). In related news, insider Matthew Gregory acquired 9,740 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was bought at an average price of GBX 510 ($6.66) per share, for a total transaction of £49,674 ($64,865.50). Also, insider Gillian Elcock bought 3,680 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average price of GBX 453 ($5.92) per share, for a total transaction of £16,670.40 ($21,768.61). Company 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.