Melrose Industries (LON:MRO) Earns Overweight Rating from JPMorgan Chase & Co.

Melrose Industries (LON:MRO)‘s stock had its “overweight” rating reiterated by equities research analysts at JPMorgan Chase & Co. in a research note issued on Thursday,Digital Look reports. They currently have a GBX 850 ($10.46) price target on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 42.33% from the company’s previous close.

Melrose Industries Price Performance

MRO traded up GBX 10.60 ($0.13) during midday trading on Thursday, reaching GBX 597.20 ($7.35). 11,042,590 shares of the company’s stock were exchanged, compared to its average volume of 20,683,547. The company has a debt-to-equity ratio of 44.03, a current ratio of 0.86 and a quick ratio of 0.45. The stock has a market capitalization of £7.70 billion, a PE ratio of -19,906.67, a P/E/G ratio of 0.48 and a beta of 1.51. The business’s 50-day moving average price is GBX 551.11 and its 200 day moving average price is GBX 516.35. Melrose Industries has a 1-year low of GBX 413.58 ($5.09) and a 1-year high of GBX 681.20 ($8.39).

Insider Transactions at Melrose Industries

In related news, insider David Lis sold 7,950 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of GBX 566 ($6.97), for a total value of £44,997 ($55,394.56). Insiders own 1.00% of the company’s stock.

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.