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Melrose Industries PLC 16% Potential Upside Indicated by Liberum Capital

Melrose Industries PLC using EPIC/TICKER code (LON:MRO) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at Liberum Capital. Melrose Industries PLC are listed in the Industrials sector within UK Main Market. Liberum Capital have set their target price at 260 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 16.0% from today’s opening price of 224.2 GBX. Over the last 30 and 90 trading days the company share price has increased 1.5 points and increased 20.6 points respectively. The 52 week high for the share price is currently at 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 226.57 GBX and the 200 Day Moving Average price is recorded at 224.70. There are currently 1,941,200,268 shares in issue with the average daily volume traded being 15,588,750. Market capitalisation for LON:MRO is £4,309,464,595 GBP.