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Melrose Industries PLC 11.3% Potential Upside Indicated by RBC Capital Markets

Melrose Industries PLC using EPIC/TICKER code (LON:MRO) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OUTPERFORM’ this morning by analysts at RBC Capital Markets. Melrose Industries PLC are listed in the Industrials sector within UK Main Market. RBC Capital Markets have set their target price at 260 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 11.3% from the opening price of 233.7 GBX. Over the last 30 and 90 trading days the company share price has decreased 1.6 points and increased 26.48 points respectively. The 52 week high share price is 254.6 GBX while the year low stock price is currently 154.2 GBX.

Melrose Industries PLC has a 50 day moving average of 234.61 GBX and a 200 day moving average of 201.58. There are currently 272,205,233 shares in issue with the average daily volume traded being 10,442,292. Market capitalisation for LON:MRO is £11,307,637,352 GBP.