Melrose Industries PLC 78.1% Potential Upside Indicated by Goldman Sachs

Broker Ratings

Melrose Industries PLC using EPIC/TICKER code (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 207 GBX on its stock. This would imply the analyst believes there is now a potential upside of 78.1% from today’s opening price of 116.2 GBX. Over the last 30 and 90 trading days the company share price has decreased 128.7 points and decreased 116 points respectively. The 52 week high for the share price is currently at 255.24 GBX while the 52 week low for the share price is 91.48 GBX.

Melrose Industries PLC has a 50 day moving average of 223.43 GBX and a 200 day moving average of 209.68. There are currently 4,858,254,963 shares in issue with the average daily volume traded being 21,409,137. Market capitalisation for LON:MRO is £5,430,003,579 GBP.

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