Gillian Elcock Buys 3,680 Shares of Melrose Industries PLC (LON:MRO) Stock

Melrose Industries PLC (LON:MRO) insider Gillian Elcock bought 3,680 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average cost of GBX 453 ($5.79) per share, with a total value of £16,670.40 ($21,304.03).

Melrose Industries Trading Up 6.6 %

Shares of LON:MRO opened at GBX 481.90 ($6.16) on Wednesday. The company has a current ratio of 0.86, a quick ratio of 0.45 and a debt-to-equity ratio of 23.05. The company has a market capitalization of £6.26 billion, a PE ratio of -30,060.00, a P/E/G ratio of 0.73 and a beta of 1.59. Melrose Industries PLC has a 12-month low of GBX 434.12 ($5.55) and a 12-month high of GBX 681.20 ($8.71). The business’s fifty day simple moving average is GBX 575.55 and its 200-day simple moving average is GBX 605.77.

Melrose Industries Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 8th will be given a GBX 2 ($0.03) dividend. This represents a dividend yield of 0.34%. The ex-dividend date of this dividend is Thursday, August 8th.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada upgraded Melrose Industries to an “outperform” rating and set a GBX 650 ($8.31) price target on the stock in a report on Monday, July 8th.

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.