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Melrose Industries PLC 5.5% 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 ‘CONVICTION BUY’ this morning by analysts at Goldman Sachs. Melrose Industries PLC are listed in the Industrials sector within UK Main Market. Goldman Sachs have set a target price of 250 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 5.5% from today’s opening price of 237 GBX. Over the last 30 and 90 trading days the company share price has decreased 3 points and increased 33.2 points respectively. The 52 week high for the stock is 254.6 GBX while the 52 week low is 154.2 GBX.

Melrose Industries PLC has a 50 day moving average of 233.40 GBX and a 200 Day Moving Average share price is recorded at 200.55. There are currently 4,858,254,963 shares in issue with the average daily volume traded being 10,726,406. Market capitalisation for LON:MRO is £11,582,079,535 GBP.