Home » Reports » Melrose Industries PLC 17.7% Potential Upside Indicated by Morgan Stanley

Melrose Industries PLC 17.7% Potential Upside Indicated by Morgan Stanley

Melrose Industries PLC using EPIC/TICKER code (LON:MRO) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘EQUAL WEIGHT’ today by analysts at Morgan Stanley. Melrose Industries PLC are listed in the Industrials sector within UK Main Market. Morgan Stanley have set a target price of 140 GBX on its stock. This now indicates the analyst believes there is a possible upside of 17.7% from today’s opening price of 118.9 GBX. Over the last 30 and 90 trading days the company share price has increased 3 points and increased 16.3 points respectively. The 52 week high for the share price is currently at 255.24 GBX while the year low stock price is currently 72 GBX.

Melrose Industries PLC has a 50 day moving average of 117.05 GBX and a 200 Day Moving Average share price is recorded at 179.12. There are currently 4,858,254,963 shares in issue with the average daily volume traded being 16,486,311. Market capitalisation for LON:MRO is £5,718,802,358 GBP.

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