Insider Buying: Melrose Industries (LON:MRO) Insider Acquires 20,000 Shares of Stock
by Michael Walen · The Markets DailyMelrose Industries PLC (LON:MRO – Get Free Report) insider Chris Grigg purchased 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were purchased at an average cost of GBX 472 per share, for a total transaction of £94,400.
Melrose Industries Stock Up 0.7%
LON:MRO traded up GBX 3.30 on Tuesday, hitting GBX 468.80. The stock had a trading volume of 656,769,000 shares, compared to its average volume of 43,845,766. The stock has a market cap of £5.84 billion, a P/E ratio of 16.17, a price-to-earnings-growth ratio of 0.48 and a beta of 0.86. The company has a debt-to-equity ratio of 67.32, a quick ratio of 0.45 and a current ratio of 0.98. The firm’s fifty day simple moving average is GBX 496.57 and its two-hundred day simple moving average is GBX 554.85. Melrose Industries PLC has a 1 year low of GBX 443.36 and a 1 year high of GBX 685.
Analyst Ratings Changes
Separately, Deutsche Bank Aktiengesellschaft decreased their target price on Melrose Industries from GBX 620 to GBX 570 and set a “hold” rating for the company in a research report on Monday, March 23rd. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 680.
Get Our Latest Analysis on Melrose Industries
Melrose Industries Company Profile
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. The Structures segment provides civil and defence air frames, including lightweight composite and metallic structures; and electrical distribution systems and components to airframe original equipment manufacturers.