Melrose Industries PLC (LON:MRO) insider David Alexander Roper purchased 643,602 shares of the stock in a transaction dated Tuesday, December 18th. The shares were bought at an average price of GBX 155 ($2.03) per share, for a total transaction of £997,583.10 ($1,303,519.01).
MRO traded down GBX 5.90 ($0.08) during mid-day trading on Friday, hitting GBX 170.80 ($2.23). The stock had a trading volume of 15,822,876 shares, compared to its average volume of 14,820,000. Melrose Industries PLC has a 1-year low of GBX 2.13 ($0.03) and a 1-year high of GBX 261.90 ($3.42).
A number of equities research analysts have issued reports on the stock. Goldman Sachs Group decreased their price target on shares of Melrose Industries from GBX 240 ($3.14) to GBX 230 ($3.01) and set a “conviction-buy” rating for the company in a report on Tuesday. Bank of America cut their price objective on shares of Melrose Industries from GBX 250 ($3.27) to GBX 240 ($3.14) and set a “buy” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. cut their price objective on shares of Melrose Industries from GBX 285 ($3.72) to GBX 245 ($3.20) and set an “overweight” rating for the company in a research report on Tuesday, December 4th. Royal Bank of Canada reaffirmed a “top pick” rating on shares of Melrose Industries in a research report on Tuesday, December 18th. Finally, Deutsche Bank reaffirmed a “buy” rating on shares of Melrose Industries in a research report on Wednesday, November 14th. Eight research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Melrose Industries presently has an average rating of “Buy” and an average price target of GBX 250.50 ($3.27).
Melrose Industries Company Profile
Melrose Industries PLC engages in the aerospace, automotive, powder metallurgy, air and security, and other industrial businesses. Its Aerospace segment supplies airframe and engine structures, landing gears, specialist technologies, and aftermarket services for commercial and military aircraft. The company's Automotive segment designs, develops, manufactures, and integrates driveline technologies for car manufacturers; and operates as an all-wheel drive systems integrator and electric powertrain systems engineer.
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