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Melrose Industries PLC 35.1% Potential Upside Indicated by Goldman Sachs

Melrose Industries PLC with EPIC/TICKER (LON:MRO) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ today by analysts at Goldman Sachs. Melrose Industries PLC are listed in the Industrials sector within UK Main Market. Goldman Sachs have set their target price at 320 GBX on its stock. This now indicates the analyst believes there is a possible upside of 35.1% from today’s opening price of 236.8 GBX. Over the last 30 and 90 trading days the company share price has decreased 5.1 points and increased 12.8 points respectively. The 1 year high share price is 261.9 GBX while the year low share price is currently 2.13 GBX.

Melrose Industries PLC has a 50 day moving average of 234.31 GBX and the 200 Day Moving Average price is recorded at 221.46. There are currently 4,720,574,464 shares in issue with the average daily volume traded being 23,961,733. Market capitalisation for LON:MRO is £11,145,272,579 GBP.