Melrose Industries PLC -.3% potential downside indicated by Citigroup

Melrose Industries PLC with ticker (LON:MRO) now has a potential downside of -.3% according to Citigroup.



Citigroup set a target price of 480 GBX for the company, which when compared to the Melrose Industries PLC share price of 481 GBX at opening today (23/05/2023) indicates a potential downside of -.3%. Trading has ranged between 284 (52 week low) and 514 (52 week high) with an average of 9,737,586 shares exchanging hands daily. The market capitalisation at the time of writing is £6,496,540,489.

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.