Melrose Industries (MRO)

Sector:

Manufacturing

Index:

FTSE 100

674.40p
   
  • Change Today:
      3.80p
  • 52 Week High: 679.40
  • 52 Week Low: 403.80
  • Currency: UK Pounds
  • Shares Issued: 1,316.70m
  • Volume: 2,709,434
  • Market Cap: £8,880m
  • RiskGrade: 135

BofA Merrill Lynch upgrades Melrose to 'buy'

By Michele Maatouk

Date: Tuesday 07 Mar 2023

LONDON (ShareCast) - (Sharecast News) - Bank of America Merrill Lynch upgraded Melrose on Tuesday to 'buy' from 'neutral' and lifted the price target to 181p from 160p.
The bank pointed to an improved outlook for the company's aerospace business.

BofA said it now has more confidence in Melrose's mid-term target of 14% Ebit margins.

It also said that widebody production increases at Airbus, improving engine production rates and aftermarket momentum support the company's growth outlook.

At 1405 GMT, the shares were up 3.8% at 162.80p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

MRO Market Data

Currency UK Pounds
Share Price 674.40p
Change Today 3.80p
% Change 0.57 %
52 Week High 679.40
52 Week Low 403.80
Volume 2,709,434
Shares Issued 1,316.70m
Market Cap £8,880m
RiskGrade 135

MRO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
85.54% below the market average85.54% below the market average85.54% below the market average85.54% below the market average85.54% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Price Trend
93.60% above the market average93.60% above the market average93.60% above the market average93.60% above the market average93.60% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income
8.84% below the market average8.84% below the market average8.84% below the market average8.84% below the market average8.84% below the market average
9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average
Growth
8.23% above the market average8.23% above the market average8.23% above the market average8.23% above the market average8.23% above the market average
14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average14.29% below the sector average

MRO Dividends

  Latest Previous
  Final Interim
Ex-Div 28-Mar-24 14-Sep-23
Paid 08-May-24 20-Oct-23
Amount 3.50p 1.50p

Trades for 28-Mar-2024

Time Volume / Share Price
16:14 274 @ 674.40p
16:14 31 @ 674.40p
16:14 343 @ 674.40p
16:14 209 @ 674.40p
16:14 21 @ 674.40p

MRO Key Personnel

CEO Simon Antony Peckham
CEO Peter Dilnot
Finance Director Matthew Gregory

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