Home » Reports » Melrose Industries PLC 61.9% Potential Upside Indicated by JP Morgan Cazenove

Melrose Industries PLC 61.9% Potential Upside Indicated by JP Morgan Cazenove

Melrose Industries PLC with EPIC/TICKER (LON:MRO) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘OVERWEIGHT’ today 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 180 GBX on its stock. This indicates the analyst now believes there is a potential upside of 61.9% from the opening price of 111.2 GBX. Over the last 30 and 90 trading days the company share price has decreased 115 points and decreased 133 points respectively. The 1 year high share price is 255.24 GBX while the 52 week low is 83.3 GBX.

Melrose Industries PLC has a 50 day moving average of 215.46 GBX and a 200 Day Moving Average share price is recorded at 208.67. There are currently 272,210,033 shares in issue with the average daily volume traded being 24,083,458. Market capitalisation for LON:MRO is £4,749,430,155 GBP.

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