Today: Today, Melrose Industries PLC (MRO) Downgraded by Liberum Capital

Today, Melrose Industries PLC (MRO) Downgraded by Liberum Capital

Liberum Capital lowered shares of Melrose Industries PLC (LON:MRO) to a hold rating in a research report released on Wednesday.

MRO has been the topic of a number of other reports. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Melrose Industries PLC in a research note on Thursday, September 1st. Numis Securities Ltd reissued a hold rating on shares of Melrose Industries PLC in a research report on Tuesday, August 9th. Finally, Beaufort Securities reissued a buy rating on shares of Melrose Industries PLC in a research report on Tuesday, August 9th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of Buy and an average target price of GBX 342.50 ($4.24).

Shares of Melrose Industries PLC (LON:MRO) opened at 177.25 on Wednesday. The company’s market capitalization is GBX 480.70 million. The company has a 50-day moving average of GBX 166.63 and a 200-day moving average of GBX 110.68. Melrose Industries PLC has a one year low of GBX 51.65 and a one year high of GBX 385.68.

In other Melrose Industries PLC news, insider Lis,David purchased 100,000 shares of the stock in a transaction on Friday, September 2nd. The shares were purchased at an average cost of GBX 152 ($1.88) per share, for a total transaction of £152,000 ($188,118.81).

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