Melrose Industries PLC 26.8% Potential Upside Indicated by UBS

Broker Ratings
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Melrose Industries PLC with EPIC/TICKER (LON:MRO) has had its stock rating noted as ‘Unchanged’ with the recommendation being set at ‘BUY’ today by analysts at UBS. Melrose Industries PLC are listed in the Industrials sector within UK Main Market. UBS have set a target price of 285 GBX on its stock. This would imply the analyst believes there is now a potential upside of 26.8% from today’s opening price of 224.7 GBX. Over the last 30 and 90 trading days the company share price has increased 0.9 points and increased 17.4 points respectively. The 1 year high stock price is 239.2 GBX while the year low share price is currently 145.94 GBX.

Melrose Industries PLC has a 50 day moving average of 217.90 GBX and a 200 day moving average of 194.50. There are currently 4,858,254,963 shares in issue with the average daily volume traded being 10,841,830. Market capitalisation for LON:MRO is £10,940,790,028 GBP.

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    Melrose Industries PLC (LON:MRO) reports a 7% revenue increase for July-October 2024, driven by strong aftermarket engine sales amid supply chain challenges.

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