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

JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Melrose Industries (LON:MRO) in a research note published on Thursday morning, MarketBeat.com reports. JPMorgan Chase & Co. currently has a GBX 850 ($10.50) price target on the stock.

Melrose Industries Stock Down 0.2 %

Shares of LON MRO opened at GBX 595.80 ($7.36) on Thursday. The company has a quick ratio of 0.45, a current ratio of 0.86 and a debt-to-equity ratio of 44.03. The firm has a market cap of £7.69 billion, a PE ratio of -19,860.00, a P/E/G ratio of 0.48 and a beta of 1.51. The company’s fifty day simple moving average is GBX 552.79 and its 200 day simple moving average is GBX 516.61. Melrose Industries has a 12-month low of GBX 413.58 ($5.11) and a 12-month high of GBX 681.20 ($8.41).

Insider Activity

In other news, insider David Lis sold 7,950 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of GBX 566 ($6.99), for a total transaction of £44,997 ($55,579.30). 1.00% of the stock is currently owned by company insiders.

About Melrose Industries

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.