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Melrose Industries PLC 33% Potential Upside Indicated by RBC Capital Markets

Melrose Industries PLC with EPIC/TICKER (LON:MRO) has had its stock rating noted as ‘Unchanged’ with the recommendation being set at ‘TOP PICK’ today by analysts at RBC Capital Markets. Melrose Industries PLC are listed in the Industrials sector within UK Main Market. RBC Capital Markets have set their target price at 245 GBX on its stock. This is indicating the analyst believes there is a potential upside of 33.0% from the opening price of 184.25 GBX. Over the last 30 and 90 trading days the company share price has increased 6.3 points and increased 10.15 points respectively. The 1 year high share price is 248.8 GBX while the year low share price is currently 145.94 GBX.

Melrose Industries PLC has a 50 day moving average of 180.54 GBX and a 200 day moving average of 190.12. There are currently 4,858,254,963 shares in issue with the average daily volume traded being 17,319,084. Market capitalisation for LON:MRO is £8,973,196,768 GBP.