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JP Morgan Cazenove announced Melrose PLC (LON:MRO), upholding its stock price target at 180.00GBX today

Yesterday Melrose PLC (LON:MRO) traded -1.02% lower at 171.75GBX. The company’s 50-day moving average is 152.23GBX and its 200-day moving average is 99.33GBX. The last stock close price is up 71.15% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 31,082 shares of the stock were exchanged, down from an average trading volume of 7,850,510

In a report released on Monday September 26, 2016 JP Morgan Cazenove hold steady the stock price target of Melrose PLC (LON:MRO) from 180.00GBX to 180.00GBX reporting a possible upside of 0.05%.

Previously on 09/01/2016, JP Morgan Cazenove reported on Melrose PLC (LON:MRO) increased the target price from 0.00GBX to 180.00GBX. At the time, this indicated a possible upside of 0.20%.

See Chart Below

Melrose PLC (LON:MRO)

Melrose PLC has a 52 week low of 51.65GBX and a 52 week high of 385.68GBX with a P/E ratio of 0.26 The company’s market cap is currently 0 GBX.

In addition to JP Morgan Cazenove reporting its target price, a total of 10 firms have reported on the stock. The consensus target price is 342.00GBX with 3 firms rating the stock a strong buy, 4 firms rating the stock a buy, 4 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

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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