Liberum Capital reissued their buy rating on shares of Melrose Industries PLC (LON:MRO) in a report issued on Wednesday, MarketBeat.com reports. They currently have a GBX 305 ($4.35) price objective on the stock.

Shares of Melrose Industries PLC (LON:MRO) remained flat at GBX 290.60 during midday trading on Wednesday. 11,608,087 shares of the company traded hands. Melrose Industries PLC has a 52-week low of GBX 274.00 and a 52-week high of GBX 2,158.52. The stock’s market cap is GBX 2.95 billion. The stock’s 50-day moving average is GBX 1,903.04 and its 200-day moving average is GBX 1,863.03.

The business also recently declared a dividend, which will be paid on Friday, February 5th. Shareholders of record on Thursday, January 28th will be paid a GBX 240 ($3.42) dividend. The ex-dividend date is Thursday, January 28th. This is an increase from Melrose Industries PLC’s previous dividend of $47.00.

Other equities analysts have also issued research reports about the company. Citigroup Inc. reissued a neutral rating on shares of Melrose Industries PLC in a research note on Tuesday, December 1st. RBC Capital reissued an outperform rating and issued a GBX 300 ($4.27) target price on shares of Melrose Industries PLC in a research note on Tuesday, December 1st. JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 306 ($4.36) target price on shares of Melrose Industries PLC in a research note on Monday, November 23rd. Beaufort Securities reissued a buy rating on shares of Melrose Industries PLC in a research note on Monday, November 23rd. Finally, Investec reissued an add rating and issued a GBX 299 ($4.26) target price on shares of Melrose Industries PLC in a research note on Tuesday, December 22nd. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of GBX 314.64 ($4.48).

Melrose Industries PLC, formerly New Melrose Industries PLC, is a holding company of the Melrose Group. The Company’s subsidiaries include Brush and Elster. The Brush Turbo generators is a manufacturer of electricity generating equipment for the power generation, industrial, oil and gas, and offshore sectors. Brush designs, manufactures and services turbo generators, for both gas and steam turbine applications. Brush has approximately five plants in the United Kingdom, Czech Republic, the Netherlands, the United States and China. Brush designs and manufactures systems and power transformers under the brand name Brush Transformers, and also produces a range of indoor and outdoor medium voltage alternate current/direct current (LON:MRO) switchgear under the Hawker Siddeley Switchgear brand name. The Elster business is focused on measuring the flow of natural gas, electricity and water. The Elster Group consists of three operating units: Elster Gas, Elster Electricity and Elster Water.

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