Melrose Industries PLC 47.5% Potential Upside Indicated by Barclays Capital

Broker Ratings
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Melrose Industries PLC using EPIC/TICKER code (LON:MRO) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ this morning by analysts at Barclays Capital. Melrose Industries PLC are listed in the Industrials sector within UK Main Market. Barclays Capital have set a target price of 155 GBX on its stock. This is indicating the analyst believes there is a potential upside of 47.5% from the opening price of 105.1 GBX. Over the last 30 and 90 trading days the company share price has decreased 98.3 points and decreased 136.7 points respectively. The 1 year high for the stock price is 255.24 GBX while the 52 week low is 83.3 GBX.

Melrose Industries PLC has a 50 day moving average of 207.78 GBX and the 200 Day Moving Average price is recorded at 207.62. There are currently 4,858,254,963 shares in issue with the average daily volume traded being 26,295,166. Market capitalisation for LON:MRO is £4,660,178,920 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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