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 company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of GBX 566 ($7.23), for a total value of £44,997 ($57,489.46).

Melrose Industries Stock Performance

Shares of MRO opened at GBX 564.99 ($7.22) on Wednesday. Melrose Industries PLC has a 12-month low of GBX 413.58 ($5.28) and a 12-month high of GBX 681.20 ($8.70). The stock has a market capitalization of £7.29 billion, a P/E ratio of -18,766.67, a P/E/G ratio of 0.48 and a beta of 1.51. The firm’s 50 day moving average is GBX 493.30 and its 200-day moving average is GBX 527.23. The company has a debt-to-equity ratio of 44.03, a current ratio of 0.86 and a quick ratio of 0.45.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Melrose Industries from GBX 675 ($8.62) to GBX 560 ($7.15) and set a “hold” rating for the company in a research note on Friday, September 13th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 850 ($10.86) price objective on shares of Melrose Industries in a report on Thursday, December 5th. Finally, Morgan Stanley started coverage on Melrose Industries in a report on Friday, September 6th. They set an “equal weight” rating and a GBX 500 ($6.39) price target on the stock. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 640 ($8.18).

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.