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

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

Melrose Industries Trading Down 0.5 %

Shares of MRO opened at GBX 446.20 ($5.79) on Thursday. The company has a debt-to-equity ratio of 44.03, a quick ratio of 0.45 and a current ratio of 0.86. The company has a market cap of £5.76 billion, a price-to-earnings ratio of -14,873.33, a PEG ratio of 0.48 and a beta of 1.51. The stock has a fifty day moving average price of GBX 468.61 and a two-hundred day moving average price of GBX 553.99. Melrose Industries PLC has a 52-week low of GBX 413.58 ($5.37) and a 52-week high of GBX 681.20 ($8.84).

Melrose Industries Cuts Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MRO shares. Morgan Stanley initiated coverage on shares of Melrose Industries in a research note on Friday, September 6th. They issued an “equal weight” rating and a GBX 500 ($6.49) price objective for the company. Deutsche Bank Aktiengesellschaft dropped their price target on shares of 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. Finally, Royal Bank of Canada raised Melrose Industries to an “outperform” rating and set a GBX 650 ($8.44) price objective on the stock in a report on Monday, July 8th.

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.