MELROSE INDUSTRIES ORDS 48/ with EPIC code (LON:MRO) now have 12 analysts covering the company.The range between the high target price and low target price is between £2.80 and £1.86 with the average target price sitting at £2.48. Now with the previous closing price of £1.64 this indicates there is a potential upside of 51.2%. There is a 50 day moving average of £1.58 and the 200 day moving average is £1.68. The company has a market cap of £8b. Visit the company website at: http://www.melrose.net
Melrose Industries engages in the aerospace, automotive, powder metallurgy, air management, and other industrial businesses in the United Kingdom, rest of Europe, North America, and internationally. Its Aerospace segment provides airframe and engine structures, and electrical interconnection systems for the aerospace industry in civil airframe and defense platforms. The company’s Automotive segment designs, develops, manufactures, and integrates driveline technologies; and epowertrains and intelligent all-wheel drive systems. Its Powder Metallurgy segment offers precision automotive components and components for industrial and consumer applications; metal powder for powder metallurgy; and additive manufacturing parts for prototypes. The company’s Nortek Air Management segment manufactures and sells ventilation products for the professional remodeling and replacement, residential new construction, and consumer DIY markets. This segment also manufactures and sells split-system and packaged air conditioners, heat pumps, furnaces, air handlers, and parts for the residential replacement and new construction markets; and custom designed and engineered products and systems for non-residential applications. Its Other Industrial segment provides turbo generators, transformers, and switchgears; develops and manufactures security, home automation, and access control technologies for the residential and commercial markets; and designs, manufactures, and distributes ergonomic products for use in a various working, learning, and healthcare environments. The company was formerly known as New Melrose Industries and changed its name to Melrose Industries in November 2015. Melrose Industries was founded in 2003 and is headquartered in London, the United Kingdom.