Melrose Industries (LON:MRO) had its price target upped by Numis Securities from GBX 250 ($3.39) to GBX 280 ($3.80) in a research report report published on Monday morning. They currently have a buy rating on the stock.
A number of other equities research analysts have also recently commented on the company. Peel Hunt reiterated a buy rating on shares of Melrose Industries in a research note on Thursday, May 10th. Liberum Capital reiterated a buy rating on shares of Melrose Industries in a research note on Thursday, May 10th. Finally, Deutsche Bank upgraded Melrose Industries to a buy rating and lifted their target price for the stock from GBX 220 ($2.98) to GBX 275 ($3.73) in a research note on Tuesday, May 1st. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of Buy and an average price target of GBX 257.22 ($3.49).
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Melrose Industries opened at GBX 235 ($3.19) on Monday, according to MarketBeat. Melrose Industries has a one year low of GBX 2.13 ($0.03) and a one year high of GBX 261.90 ($3.55).
The company also recently disclosed a dividend, which will be paid on Monday, May 21st. Investors of record on Thursday, April 5th will be paid a GBX 2.80 ($0.04) dividend. This is a boost from Melrose Industries’s previous dividend of $1.40. This represents a yield of 1.23%. The ex-dividend date of this dividend is Thursday, April 5th.
Melrose Industries Company Profile
Melrose Industries PLC, together with its subsidiaries, designs and manufactures electricity generating equipment for the power generation, industrial, oil and gas, and offshore sectors in the United Kingdom, Europe, North America, and internationally. It operates through four segments: Energy, Air Management, Security & Smart Technology, and Ergonomics.