Melrose Industries PLC (LON:MRO – Get Free Report)’s stock price fell 11.7% during trading on Saturday . The stock traded as low as GBX 488.80 ($6.32) and last traded at GBX 491.24 ($6.35). 18,429,754 shares traded hands during mid-day trading, an increase of 92% from the average session volume of 9,600,518 shares. The stock had previously closed at GBX 556.40 ($7.19).
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 850 ($10.99) price target on shares of Melrose Industries in a report on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 640 ($8.27).
View Our Latest Research Report on Melrose Industries
Melrose Industries Stock Performance
Melrose Industries (LON:MRO – Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The company reported GBX 26.80 ($0.35) earnings per share for the quarter. Melrose Industries had a negative return on equity of 1.18% and a negative net margin of 1.13%. As a group, analysts predict that Melrose Industries PLC will post 33.9741641 EPS for the current fiscal year.
Insider Activity at Melrose Industries
In related news, insider David Lis sold 7,950 shares of Melrose Industries stock in a transaction on Monday, December 9th. The stock was sold at an average price of GBX 566 ($7.32), for a total value of £44,997 ($58,158.20). 1.00% of the stock is currently owned by company insiders.
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.
See Also
- Five stocks we like better than Melrose Industries
- What Are Dividend Challengers?
- Is Myers Industries Poised for a Breakout?
- 3 REITs to Buy and Hold for the Long Term
- Is BigBear.ai’s 25% Plunge a False Alarm or Fire Sale?
- How to Read Stock Charts for Beginners
- Broadcom Confirmed Its AI Outlook: Stock to Hit New Highs Soon
Receive News & Ratings for Melrose Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Melrose Industries and related companies with MarketBeat.com's FREE daily email newsletter.