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Melrose Industries PLC 12.2% Potential Upside Indicated by Citigroup

Melrose Industries PLC using EPIC/TICKER code (LON:MRO) had its stock rating noted as ‘Retains’ with the recommendation being set at ‘BUY’ this morning by analysts at Citigroup. Melrose Industries PLC are listed in the Industrials sector within UK Main Market. Citigroup have set a target price of 230 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 12.2% from the opening price of 204.9 GBX. Over the last 30 and 90 trading days the company share price has increased 35.65 points and increased 32.15 points respectively. The 1 year high stock price is 231 GBX while the 52 week low for the share price is 145.94 GBX.

Melrose Industries PLC has a 50 day moving average of 183.17 GBX and a 200 Day Moving Average share price is recorded at 179.26. There are currently 4,858,254,963 shares in issue with the average daily volume traded being 14,201,411. Market capitalisation for LON:MRO is £9,803,958,663 GBP.