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Melrose Industries PLC 21.7% Potential Upside Indicated by JP Morgan Cazenove

Melrose Industries PLC using EPIC/TICKER code (LON:MRO) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ today by analysts at JP Morgan Cazenove. Melrose Industries PLC are listed in the Industrials sector within UK Main Market. JP Morgan Cazenove have set a target price of 260 GBX on its stock. This is indicating the analyst believes there is a potential upside of 21.7% from the opening price of 213.6 GBX. Over the last 30 and 90 trading days the company share price has increased 10.5 points and increased 19.7 points respectively. The 52 week high for the share price is currently at 215.1 GBX while the year low stock price is currently 145.94 GBX.

Melrose Industries PLC has a 50 day moving average of 193.56 GBX and the 200 Day Moving Average price is recorded at 184.83. There are currently 4,858,254,963 shares in issue with the average daily volume traded being 15,906,193. Market capitalisation for LON:MRO is £10,425,815,447 GBP.