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Melrose Industries PLC 16.9% Potential Upside Indicated by Citigroup

Melrose Industries PLC using EPIC/TICKER code (LON:MRO) has had its stock rating noted as ‘Retains’ with the recommendation being set at ‘BUY’ today by analysts at Citigroup. Melrose Industries PLC are listed in the Industrials sector within UK Main Market. Citigroup have set their target price at 255 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 16.9% from today’s opening price of 218.1 GBX. Over the last 30 and 90 trading days the company share price has increased 4.4 points and increased 48.2 points respectively. The 52 week high share price is 227.7 GBX while the year low stock price is currently 145.94 GBX.

Melrose Industries PLC has a 50 day moving average of 211.20 GBX and a 200 day moving average of 190.75. There are currently 4,858,254,963 shares in issue with the average daily volume traded being 11,255,639. Market capitalisation for LON:MRO is £10,590,995,819 GBP.