Melrose Industries PLC (LON:MRO) Insider Sells £44,997 in Stock

Melrose Industries PLC (LON:MRO) insider David Lis sold 7,950 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of GBX 566 ($7.14), for a total transaction of £44,997 ($56,792.88).

Melrose Industries Price Performance

MRO stock opened at GBX 549.60 ($6.94) on Friday. The firm has a market cap of £7.09 billion, a P/E ratio of -18,320.00, a P/E/G ratio of 0.48 and a beta of 1.51. The company has a quick ratio of 0.45, a current ratio of 0.86 and a debt-to-equity ratio of 44.03. The company’s 50-day moving average price is GBX 499.11 and its two-hundred day moving average price is GBX 526.73. Melrose Industries PLC has a 12 month low of GBX 413.58 ($5.22) and a 12 month high of GBX 681.20 ($8.60).

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 850 ($10.73) price target on shares of Melrose Industries in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Melrose Industries from GBX 675 ($8.52) to GBX 560 ($7.07) and set a “hold” rating on the stock in a research note on Friday, September 13th. Finally, Morgan Stanley assumed coverage on shares of Melrose Industries in a research note on Friday, September 6th. They issued an “equal weight” rating and a GBX 500 ($6.31) price target on the stock. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 640 ($8.08).

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.