Melrose Industries’ (MRO) “Overweight” Rating Reaffirmed at JPMorgan Chase & Co.

Melrose Industries (LON:MRO)‘s stock had its “overweight” rating restated by equities research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Tuesday, MarketBeat reports. They currently have a GBX 850 ($10.51) target price on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 52.84% from the company’s current price.

Separately, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Melrose Industries from GBX 675 ($8.34) to GBX 560 ($6.92) and set a “hold” rating for the company in a research note on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 640 ($7.91).

Melrose Industries Trading Up 0.3 %

LON MRO opened at GBX 556.12 ($6.87) on Tuesday. The firm has a market cap of £7.17 billion, a P/E ratio of -18,537.40, a P/E/G ratio of 0.48 and a beta of 1.51. Melrose Industries has a one year low of GBX 413.58 ($5.11) and a one year high of GBX 681.20 ($8.42). The company has a debt-to-equity ratio of 44.03, a current ratio of 0.86 and a quick ratio of 0.45. The stock’s 50-day moving average is GBX 535.29 and its 200-day moving average is GBX 517.42.

Insider Buying and Selling at Melrose Industries

In other news, insider Ian Barkshire bought 17,000 shares of the company’s stock in a transaction dated Monday, October 21st. The stock was bought at an average price of GBX 442 ($5.46) per share, with a total value of £75,140 ($92,880.10). Also, insider David Lis sold 7,950 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of GBX 566 ($7.00), for a total transaction of £44,997 ($55,620.52). Corporate insiders own 1.00% of the company’s stock.

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.