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Melrose Industries PLC 22.2% Potential Upside Indicated by Numis

Melrose Industries PLC using EPIC/TICKER code (LON:MRO) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at Numis. Melrose Industries PLC are listed in the Industrials sector within UK Main Market. Numis have set a target price of 250 GBX on its stock. This indicates the analyst now believes there is a potential upside of 22.2% from today’s opening price of 204.6 GBX. Over the last 30 and 90 trading days the company share price has increased 14.9 points and increased 33.5 points respectively. The 52 week high for the share price is currently at 248.8 GBX while the year low share price is currently 145.94 GBX.

Melrose Industries PLC has a 50 day moving average of 188.20 GBX and a 200 day moving average of 188.45. There are currently 4,858,254,963 shares in issue with the average daily volume traded being 16,918,955. Market capitalisation for LON:MRO is £9,930,272,847 GBP.

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