Melrose Industries (LON:MRO) Stock Breaks Above 200 Day Moving Average – What’s Next?

Melrose Industries PLC (LON:MRO)’s stock price crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of GBX 484.96 and traded as high as GBX 499. Melrose Industries shares last traded at GBX 490, with a volume of 5,680,958 shares trading hands.

Analysts Set New Price Targets

MRO has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of Melrose Industries from GBX 570 to GBX 575 and gave the stock a “hold” rating in a report on Wednesday, August 19th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 800 price target on shares of Melrose Industries in a report on Friday, July 31st. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Melrose Industries has an average rating of “Moderate Buy” and an average target price of GBX 708.33.

Melrose Industries Stock Performance

The company has a quick ratio of 0.45, a current ratio of 1.07 and a debt-to-equity ratio of 71.81. The business has a fifty day simple moving average of GBX 480.94 and a 200-day simple moving average of GBX 484.65. The firm has a market cap of £5.64 billion, a P/E ratio of 35.36, a P/E/G ratio of 0.48 and a beta of 0.89.

Melrose Industries (LON:MRO) last announced its earnings results on Friday, July 31st. The company reported GBX 17.80 earnings per share for the quarter. Melrose Industries had a net margin of 4.28% and a return on equity of 5.63%. On average, sell-side analysts predict that Melrose Industries PLC will post 33.97 EPS for the current fiscal year.

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. 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.