A statement released earlier today by Liberum Capital about Melrose PLC (LON:MRO) bumps down the target price to 200.00GBX
- Updated: October 11, 2016
Boasting a price of 184.88GBX, Melrose PLC (LON:MRO) traded -0.67% lower on the day. With the last stock price close down -30.51% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Melrose PLC has recorded a 50-day average of 164.37GBX and a two hundred day average of 266.23GBX. Volume of trade was down over the average, with 1,106,650 shares of MRO changing hands under the typical 7,691,640
Liberum Capital bumped down the target of Melrose PLC (LON:MRO) to 200.00GBX stating a potential upside of 0.08%.
On 9/26/2016, JP Morgan Cazenove released a statement for Melrose PLC (LON:MRO) maintained the target price at 180.00GBX that suggested an upside of 0.05%.
With a total market value of 0 GBX, Melrose PLC has price-earnings ratio of 0.29 with a one year low of 51.65GBX and a one year high of 187.50GBX .
A total of 10 equity analysts have released a ratings update on MRO. Three equity analysts rating the company a strong buy, four equity analysts rating the company a buy, four equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of 342.00GBX.
Brief Synopsis About Melrose PLC (LON:MRO)
Melrose Industries PLC is a United Kingdom-based company, which is engaged in buying manufacturing businesses. The Company operates through an Energy segment, which includes the Brush business that is a specialist supplier of energy industrial products to the global market. The Company's Brush Turbogenerators is an independent manufacturer of electricity generating equipment for the power generation, industrial, oil and gas, and offshore sectors, and also supplies switchgear, transformers and other power infrastructure equipment. The Company's Brush Turbogenerators products include power generation equipment from approximately 10 mega-volt ampere to 300 mega-volt ampere; synchronous motors, induction motors, submersible and traction motors; power management and excitation systems; medium voltage alternating current (AC) and direct current (DC) switchgear, and power and system transformers. The Company also offers aftermarket servicing/support/spares/lifetime extension.
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