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Melrose Industries PLC 16.3% 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’ today by analysts at RBC Capital Markets. Melrose Industries PLC are listed in the Industrials sector within UK Main Market. RBC Capital Markets have set a target price of 235 GBX on its stock. This now indicates the analyst believes there is a possible upside of 16.3% from the opening price of 202 GBX. Over the last 30 and 90 trading days the company share price has decreased 17.1 points and decreased 31.9 points respectively. The 1 year high stock price is 261.9 GBX while the 52 week low for the stock is 2.13 GBX.

Melrose Industries PLC has a 50 day moving average of 216.61 GBX and a 200 Day Moving Average share price is recorded at 230.24. There are currently 1,941,200,397 shares in issue with the average daily volume traded being 4,875,725. Market capitalisation for LON:MRO is £3,890,165,477 GBP.

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