Melrose Industries PLC (LON:MRO)‘s stock had its “buy” rating reaffirmed by investment analysts at Liberum Capital in a research note issued on Thursday. They currently have a GBX 260 ($3.27) price objective on the stock. Liberum Capital’s price target points to a potential upside of 15.94% from the company’s current price.

A number of other analysts have also recently commented on MRO. JPMorgan Chase & Co. upped their price objective on shares of Melrose Industries PLC from GBX 194 ($2.44) to GBX 250 ($3.15) and gave the company an “overweight” rating in a research report on Friday, March 3rd. Deutsche Bank AG upped their price objective on shares of Melrose Industries PLC from GBX 180 ($2.27) to GBX 220 ($2.77) and gave the company a “hold” rating in a research report on Monday, March 6th. Barclays PLC restated an “overweight” rating on shares of Melrose Industries PLC in a research report on Tuesday, March 21st. Panmure Gordon restated a “buy” rating and issued a GBX 294 ($3.70) price objective on shares of Melrose Industries PLC in a research report on Wednesday, February 8th. Finally, Peel Hunt increased their target price on Melrose Industries PLC from GBX 210 ($2.64) to GBX 240 ($3.02) and gave the stock a “buy” rating in a report on Tuesday, January 17th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 244.14 ($3.07).

Analyst Recommendations for Melrose Industries PLC (LON:MRO)

Melrose Industries PLC (LON:MRO) opened at 226.8251 on Thursday. The company’s 50-day moving average price is GBX 227.99 and its 200-day moving average price is GBX 198.52. The firm’s market cap is GBX 4.28 billion. Melrose Industries PLC has a one year low of GBX 69.75 and a one year high of GBX 250.50.

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 16th. Stockholders of record on Thursday, April 6th will be paid a dividend of GBX 1.90 ($0.02) per share. This represents a dividend yield of 0.79%. This is an increase from Melrose Industries PLC’s previous dividend of $1.40. The ex-dividend date is Thursday, April 6th.

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Melrose Industries PLC Company Profile

Melrose Industries PLC is a United Kingdom-based company, which is engaged in buying manufacturing businesses. The Company operates through an Energy segment, which includes the Brush business that is a specialist supplier of energy industrial products to the global market. The Company’s Brush Turbogenerators is an independent manufacturer of electricity generating equipment for the power generation, industrial, oil and gas, and offshore sectors, and also supplies switchgear, transformers and other power infrastructure equipment.

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