Melrose Industries PLC with ticker (LON:MRO) now has a potential upside of 47.8% according to JP Morgan.
JP Morgan set a target price of 215 GBX for the company, which when compared to the Melrose Industries PLC share price of 112 GBX at opening today (09/05/2022) indicates a potential upside of 47.8%. Trading has ranged between 108 (52 week low) and 198 (52 week high) with an average of 10,785,695 shares exchanging hands daily. The market capitalisation at the time of writing is £4,897,228,710.
Melrose Industries PLC is a United Kingdom-based company focused on acquiring manufacturing businesses. The Company’s segments include Aerospace, a multi-technology supplier of both civil and defense air frame and engine structures; Automotive, which designs, develops, manufactures and integrates a range of driveline technologies, including electric vehicle components; Powder Metallurgy, which provides precision powder metal parts for the automotive and industrial sectors, as well as the production of powder metal. Its Ergotron is a designer, manufacturer and distributor of ergonomic products for use in a range of working, learning and healthcare environments.
Melrose Industries PLC 47.8% potential upside indicated by JP Morgan
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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.
