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Melrose Industries PLC 30.9% Potential Upside Indicated by JP Morgan Cazenove

Melrose Industries PLC with EPIC/TICKER (LON:MRO) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ this morning 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 265 GBX on its stock. This now indicates the analyst believes there is a possible upside of 30.9% from the opening price of 202.4 GBX. Over the last 30 and 90 trading days the company share price has increased 32.25 points and increased 29.4 points respectively. The 1 year high stock price is 237.08 GBX while the 52 week low for the share price is 145.94 GBX.

Melrose Industries PLC has a 50 day moving average of 182.66 GBX and the 200 Day Moving Average price is recorded at 179.15. There are currently 4,858,254,963 shares in issue with the average daily volume traded being 13,904,637. Market capitalisation for LON:MRO is £9,928,052,621 GBP.