Melrose Industries PLC with ticker (LON:MRO) now has a potential downside of -3.9% according to Numis.
Numis set a target price of 640 GBX for the company, which when compared to the Melrose Industries PLC share price of 666 GBX at opening today (22/03/2024) indicates a potential downside of -3.9%. Trading has ranged between 351 (52 week low) and 670 (52 week high) with an average of 5,186,990 shares exchanging hands daily. The market capitalisation at the time of writing is £8,800,824,880.
Melrose Industries PLC is a United Kingdom-based pure-play aerospace company. The Company is focused on acquiring manufacturing businesses operating in a number of different geographical regions and sectors. It operates through two divisions: Engines and Structures. Its business includes GKN Aerospace, which is a multi-technology manufacturer of airframe and engine structures and electrical interconnection systems for the global aerospace industry, across both civil and defense platforms.
Melrose Industries PLC -3.9% potential downside indicated by Numis
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- Written by: Charlotte Edwards
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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.
