Melrose Industries PLC 22.3% potential upside indicated by JP Morgan

Melrose Industries PLC with ticker (LON:MRO) now has a potential upside of 22.3% according to JP Morgan.



JP Morgan set a target price of 620 GBX for the company, which when compared to the Melrose Industries PLC share price of 507 GBX at opening today (07/06/2023) indicates a potential upside of 22.3%. Trading has ranged between 284 (52 week low) and 520 (52 week high) with an average of 6,640,768 shares exchanging hands daily. The market capitalisation at the time of writing is £7,011,452,135.

Melrose Industries PLC is a United Kingdom-based company focused on acquiring manufacturing businesses. The Company operates through four segments: Aerospace, Automotive, Powder Metallurgy and Other Industrial. Its Aerospace segment is a multi-technology supplier of both civil and defense air frame and engine structures. The Automotive segment designs, develops, manufactures and integrates a range of driveline technologies, including electric vehicle components. The Company’s Powder Metallurgy segment provides precision powder metal parts for the automotive and industrial sectors, as well as the production of powder metal. Its Other Industrial segment includes hydrogen technology business, which is focused on commercializing metal hydride technology to store hydrogen in a safe, compact and green manner.