Melrose Industries PLC with ticker (LON:MRO) now has a potential downside of -3.6% according to Numis.
Numis set a target price of 640 GBX for the company, which when compared to the Melrose Industries PLC share price of 664 GBX at opening today (05/04/2024) indicates a potential downside of -3.6%. Trading has ranged between 351 (52 week low) and 674 (52 week high) with an average of 5,858,746 shares exchanging hands daily. The market capitalisation at the time of writing is £8,871,951,391.
Melrose Industries PLC is a United Kingdom-based pure-play aerospace company. The Company is focused on acquiring manufacturing businesses operating in a number of different geographical regions and sectors. It operates through two divisions: Engines and Structures. Its business includes GKN Aerospace, which is a multi-technology manufacturer of airframe and engine structures and electrical interconnection systems for the global aerospace industry, across both civil and defense platforms.
Melrose Industries PLC -3.6% potential downside indicated by Numis
- Written by: Charlotte Edwards
Latest Company News
Melrose Industries reported 14% revenue growth for the four months to 31 October 2025, driven by a 28% rise in Engines and 5% growth in Structures.
Melrose Industries has appointed aerospace industry veteran Guy Hachey to its Board as Non-executive Director. Hachey brings over 30 years of leadership experience from Bombardier Aerospace, Delphi, and Advent International, and currently serves as a director at Hexcel Corporation.
Melrose Industries Plc has appointed Alison Goligher as Non-executive Director and Chair of the Remuneration Committee, bringing extensive leadership experience to the board.
Melrose Industries PLC (LON:MRO) reports a 7% revenue increase for July-October 2024, driven by strong aftermarket engine sales amid supply chain challenges.
