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Prices & Quotes - UK Markets - Melrose Industries (MRO)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 178.85p
Change Today:
4.30p
Market Cap:
£8,689m
Sector:
General Industrials

RBC ups Melrose price target, sees Nortek sale

By Sean Farrell

Date: Thursday 26 Nov 2020

LONDON (ShareCast) - (Sharecast News) - Royal Bank of Canada increased its price target and earnings estimates for Melrose Industries and said the potential sale of Nortek Air could further boost the shares.
Melrose's second-half trading was ahead of RBC's expectations reflecting a recovery at the auto business and strength at the US Nortek air-conditioning business.

RBC analysts increased their earnings estimates by 29% for 2021 and 13% and upped their price target for Melrose shares to 205p from 160p. Mark Fielding and colleagues kept their 'outperform' rating on the shares.

Melrose buys industrial businesses and aims to improve their performance before selling them. Its purchase of aerospace engineer GKN has been caught in the aviation industry's biggest crisis but RBC said a sale of Nortek was on the horizon.

"The potential sale of Nortek Air in H1 2021 should be a further positive catalyst beyond trading recovery," Fielding wrote in a note to investors.

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

 

MRO Market Data

Currency UK Pounds
Price 178.85p
Change Today 4.30p
52 Week High 186.75p
52 Week Low 81.96p
Volume 8,848,233
Shares Issued 4,858.25m
Market Cap £8,689m
Beta 0.04

Performance Indicators

Compare performance with the sector and the market.

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Income
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Growth
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Dividend Yield
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Operating Margin
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What The Brokers Say

Strong Buy 10
Buy 0
Neutral 3
Sell 0
Strong Sell 1
Total 14
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

MRO Dividends

  Latest Previous
  Final Interim
Ex-Div 01-Apr-21 12-Sep-19
Paid 19-May-21 11-Oct-19
Amount 0.75p 1.70p

Trades for 16-Apr-2021

Time Volume / Share Price
16:35 2,988,531 @ 178.85p
16:29 2,529 @ 178.50p
16:29 21 @ 178.40p
16:29 81 @ 178.45p
16:29 12 @ 178.45p

MRO Key Personnel

CEO Simon Antony Peckham
COO Peter Dilnot