Melrose Industries (LON:MRO) Insider Alison Goligher Purchases 20,000 Shares

Melrose Industries PLC (LON:MRO) insider Alison Goligher purchased 20,000 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was purchased at an average price of GBX 476 per share, for a total transaction of £95,200.

Melrose Industries Stock Up 0.2%

Shares of LON:MRO opened at GBX 482.70 on Friday. The business’s 50 day simple moving average is GBX 533.47 and its two-hundred day simple moving average is GBX 584.29. The firm has a market cap of £6.03 billion, a P/E ratio of 16.64, a PEG ratio of 0.48 and a beta of 0.92. The company has a debt-to-equity ratio of 67.32, a quick ratio of 0.45 and a current ratio of 0.98. Melrose Industries PLC has a 52-week low of GBX 439.50 and a 52-week high of GBX 685.

Melrose Industries (LON:MRO) last announced its quarterly earnings results on Friday, February 27th. The company reported GBX 32.20 earnings per share (EPS) for the quarter. Melrose Industries had a return on equity of 13.03% and a net margin of 10.31%. As a group, research analysts forecast that Melrose Industries PLC will post 33.9741641 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft cut their price target on Melrose Industries from GBX 620 to GBX 570 and set a “hold” rating on the stock in a report on Monday, March 23rd. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 680.

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. The Structures segment provides civil and defence air frames, including lightweight composite and metallic structures; and electrical distribution systems and components to airframe original equipment manufacturers.