Insider Buying: Melrose Industries PLC (LON:MRO) Insider Purchases 17,000 Shares of Stock

Melrose Industries PLC (LON:MRO) insider Ian Barkshire purchased 17,000 shares of the firm’s stock in a transaction on Monday, October 21st. The shares were purchased at an average price of GBX 442 ($5.74) per share, with a total value of £75,140 ($97,559.08).

Melrose Industries Price Performance

Shares of MRO stock opened at GBX 451.40 ($5.86) on Friday. Melrose Industries PLC has a 12 month low of GBX 413.58 ($5.37) and a 12 month high of GBX 681.20 ($8.84). The company has a market capitalization of £5.82 billion, a P/E ratio of -15,046.67, a P/E/G ratio of 0.48 and a beta of 1.51. The stock has a 50 day moving average of GBX 466.85 and a two-hundred day moving average of GBX 552.53. The company has a current ratio of 0.86, a quick ratio of 0.45 and a debt-to-equity ratio of 44.03.

Melrose Industries Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, September 16th. Shareholders of record on Thursday, August 8th were issued a GBX 2 ($0.03) dividend. This represents a yield of 0.34%. The ex-dividend date of this dividend was Thursday, August 8th. Melrose Industries’s dividend payout ratio (DPR) is presently -20,000.00%.

Analyst Ratings Changes

MRO has been the subject of several research analyst reports. Royal Bank of Canada raised Melrose Industries to an “outperform” rating and set a GBX 650 ($8.44) price objective for the company in a research report on Monday, July 8th. Morgan Stanley initiated coverage on Melrose Industries in a research report on Friday, September 6th. They issued an “equal weight” rating and a GBX 500 ($6.49) price target on the stock. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Melrose Industries from GBX 675 ($8.76) to GBX 560 ($7.27) and set a “hold” rating for the company in a research report on Friday, September 13th.

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.