Melrose Industries PLC (LON:MRO) Downgraded by BNP Paribas

Melrose Industries PLC (LON:MRO) was downgraded by equities research analysts at BNP Paribas to a “neutral” rating in a research report issued on Tuesday, July 18th. They currently have a GBX 250 ($3.26) price objective on the stock. BNP Paribas’ price objective indicates a potential upside of 8.98% from the company’s current price.

Other analysts have also issued research reports about the stock. Beaufort Securities reiterated a “buy” rating on shares of Melrose Industries PLC in a research note on Friday, May 12th. Liberum Capital reissued a “buy” rating and set a GBX 260 ($3.39) price target on shares of Melrose Industries PLC in a report on Thursday, May 11th. Panmure Gordon reissued a “buy” rating and set a GBX 355 ($4.62) price target on shares of Melrose Industries PLC in a report on Tuesday, April 25th. Deutsche Bank AG reissued a “hold” rating on shares of Melrose Industries PLC in a report on Monday, July 10th. Finally, J P Morgan Chase & Co reduced their price target on shares of Melrose Industries PLC from GBX 250 ($3.26) to GBX 230 ($3.00) and set an “overweight” rating for the company in a report on Tuesday, July 4th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 255 ($3.32).

Melrose Industries PLC (LON:MRO) traded down 0.35% on Tuesday, reaching GBX 229.40. 2,795,566 shares of the company were exchanged. Melrose Industries PLC has a 52 week low of GBX 135.75 and a 52 week high of GBX 261.90. The stock has a 50-day moving average price of GBX 237.32 and a 200 day moving average price of GBX 230.27. The stock’s market capitalization is GBX 4.33 billion.

COPYRIGHT VIOLATION NOTICE: “Melrose Industries PLC (LON:MRO) Downgraded by BNP Paribas” was published by BNB Daily and is the property of of BNB Daily. If you are accessing this report on another domain, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The correct version of this report can be read at https://www.baseball-news-blog.com/2017/08/13/melrose-industries-plc-lonmro-lowered-to-neutral-at-bnp-paribas-updated-updated-updated.html.

In other Melrose Industries PLC news, insider David Alexander Roper sold 2,000,000 shares of the company’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of GBX 255 ($3.32), for a total value of £5,100,000 ($6,641,489.78).

About Melrose Industries PLC

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.

Analyst Recommendations for Melrose Industries PLC (LON:MRO)

Receive News & Ratings for Melrose Industries PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Melrose Industries PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply