Melrose Industries (LON:MRO) Insider Purchases 21,434 Shares

Melrose Industries PLC (LON:MRO) insider Ross McCluskey acquired 21,434 shares of Melrose Industries stock in a transaction dated Thursday, June 25th. The shares were bought at an average cost of GBX 475 per share, for a total transaction of £101,811.50.

Ross McCluskey also recently made the following trade(s):

• On Thursday, June 25th, Ross McCluskey bought 3,667 shares of Melrose Industries stock. The stock was bought at an average cost of GBX 475 per share, with a total value of £17,418.25.

Melrose Industries Trading Down 1.0%

LON MRO opened at GBX 463.30 on Monday. The firm has a market cap of £5.77 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 0.48 and a beta of 0.86. Melrose Industries PLC has a 1-year low of GBX 443.36 and a 1-year high of GBX 685. The stock has a 50-day moving average of GBX 486.35 and a 200-day moving average of GBX 547.99. The company has a current ratio of 0.98, a quick ratio of 0.45 and a debt-to-equity ratio of 67.32.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft dropped their price objective on Melrose Industries from GBX 620 to GBX 570 and set a “hold” rating for the company in a research note on Monday, March 23rd. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Melrose Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 680.

About Melrose Industries

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. The Structures segment provides civil and defence air frames, including lightweight composite and metallic structures; and electrical distribution systems and components to airframe original equipment manufacturers.