Melrose Industries’ (MRO) “Overweight” Rating Reaffirmed at JPMorgan Chase & Co.

Melrose Industries (LON:MRO)‘s stock had its “overweight” rating restated by analysts at JPMorgan Chase & Co. in a note issued to investors on Thursday,Digital Look reports. They presently have a GBX 850 ($10.46) target price on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 42.33% from the company’s previous close.

Melrose Industries Price Performance

Shares of MRO traded up GBX 10.60 ($0.13) during mid-day trading on Thursday, hitting GBX 597.20 ($7.35). The company’s stock had a trading volume of 11,042,590 shares, compared to its average volume of 20,683,547. Melrose Industries has a fifty-two week low of GBX 413.58 ($5.09) and a fifty-two week high of GBX 681.20 ($8.39). The firm has a 50-day moving average price of GBX 551.11 and a 200 day moving average price of GBX 516.35. The stock has a market capitalization of £7.70 billion, a price-to-earnings ratio of -19,906.67, a PEG ratio of 0.48 and a beta of 1.51. The company has a debt-to-equity ratio of 44.03, a current ratio of 0.86 and a quick ratio of 0.45.

Insider Buying and Selling at Melrose Industries

In other news, insider David Lis sold 7,950 shares of Melrose Industries stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of GBX 566 ($6.97), for a total value of £44,997 ($55,394.56). Corporate insiders own 1.00% of the company’s stock.

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.