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Melrose Industries PLC 25.1% Potential Upside Indicated by JP Morgan Cazenove

Melrose Industries PLC using EPIC/TICKER code (LON:MRO) has 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 their target price at 280 GBX on its stock. This indicates the analyst now believes there is a potential upside of 25.1% from today’s opening price of 223.9 GBX. Over the last 30 and 90 trading days the company share price has increased 4.4 points and decreased 14.1 points respectively. The 52 week high for the share price is currently at 248.8 GBX while the 52 week low is 194.61 GBX.

Melrose Industries PLC has a 50 day moving average of 220.83 GBX and a 200 day moving average of 224.61. There are currently 4,858,254,963 shares in issue with the average daily volume traded being 13,273,593. Market capitalisation for LON:MRO is £10,901,765,613 GBP.