Melrose Industries (LON:MRO) Shares Cross Above 200-Day Moving Average – Here’s Why

Melrose Industries PLC (LON:MRO) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 576.42 and traded as high as GBX 586. Melrose Industries shares last traded at GBX 586, with a volume of 523,877 shares.

Analyst Ratings Changes

Several equities analysts recently issued reports on MRO shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Melrose Industries from GBX 585 to GBX 620 and gave the company a “hold” rating in a research note on Monday, September 8th. JPMorgan Chase & Co. boosted their price target on Melrose Industries from GBX 600 to GBX 750 and gave the company an “overweight” rating in a report on Monday, November 17th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 692.50.

Melrose Industries Stock Performance

The stock’s 50 day moving average price is GBX 597.91 and its 200 day moving average price is GBX 577.05. The company has a current ratio of 0.86, a quick ratio of 0.45 and a debt-to-equity ratio of 44.03. The company has a market cap of £7.39 billion, a price-to-earnings ratio of 23.82, a P/E/G ratio of 0.48 and a beta of 1.51.

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.