Insider Selling: Melrose Industries PLC (LON:MRO) Insider Sells 7,950 Shares of Stock

Melrose Industries PLC (LON:MRO) insider David Lis sold 7,950 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of GBX 566 ($7.22), for a total value of £44,997 ($57,401.45).

Melrose Industries Stock Up 0.7 %

Melrose Industries stock opened at GBX 566.80 ($7.23) on Thursday. The stock’s 50 day moving average price is GBX 495.32 and its 200 day moving average price is GBX 526.87. Melrose Industries PLC has a 1-year low of GBX 413.58 ($5.28) and a 1-year high of GBX 681.20 ($8.69). The company has a market cap of £7.31 billion, a PE ratio of -18,893.33, a price-to-earnings-growth ratio of 0.48 and a beta of 1.51. The company has a debt-to-equity ratio of 44.03, a current ratio of 0.86 and a quick ratio of 0.45.

Analysts Set New Price Targets

Several research firms have commented on MRO. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 850 ($10.84) price objective on shares of Melrose Industries in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft cut their price target on Melrose Industries from GBX 675 ($8.61) to GBX 560 ($7.14) and set a “hold” rating for the company in a research note on Friday, September 13th. Finally, Morgan Stanley initiated coverage on shares of Melrose Industries in a research report on Friday, September 6th. They issued an “equal weight” rating and a GBX 500 ($6.38) price objective on the stock. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Melrose Industries has a consensus rating of “Moderate Buy” and an average price target of GBX 640 ($8.16).

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.