Melrose Industries’ (MRO) “Overweight” Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their overweight rating on shares of Melrose Industries (LON:MRO) in a research note issued to investors on Thursday, MarketBeat reports. They currently have a GBX 850 ($10.61) price objective on the stock.

Melrose Industries Trading Down 1.3 %

LON:MRO opened at GBX 589.60 ($7.36) on Thursday. The company has a debt-to-equity ratio of 44.03, a current ratio of 0.86 and a quick ratio of 0.45. Melrose Industries has a one year low of GBX 413.58 ($5.16) and a one year high of GBX 681.20 ($8.50). The company has a market cap of £7.61 billion, a PE ratio of -19,653.33, a PEG ratio of 0.48 and a beta of 1.51. The firm has a 50-day moving average of GBX 554.36 and a 200-day moving average of GBX 516.87.

Insider Transactions at Melrose Industries

In other news, insider David Lis sold 7,950 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of GBX 566 ($7.07), for a total value of £44,997 ($56,169.02). Company insiders own 1.00% of the company’s stock.

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.