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Home / Momentum / Melrose Industries PLC (MRO.L) 19-11-19

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Melrose Industries PLC (MRO.L) 19-11-19

Will Melrose Industries PLC (MRO.L) continue this relentless rise, setting new highs?

 

  • Currently trading at 227.4p (at time of writing), performance has been exceptional of late.
  • Will it hit resistance, or is the trend your friend?
  • Is this one for momentum traders?
  • The price has been moving upwards, however, past performance is not necessarily an indication of the future.
  • Technical traders should be mindful of breaking news and events. This can influence price trends. Check our website and news outlets for updates.
  • Shares -0% from 12-month highs; +55% from 12 month lows.

Latest News

07:30:  Melrose the engineering group, announced that trading was in-line with expectations for the current year. Sales have been higher in aerospace, but lower in powder metallurgy and automotive.

22 Oct:  JP Morgan Cazenove reiterates its overweight rating on Melrose (MRO) and reduced the target price to 260p (from 265p).

09 Sep:  Citigroup reiterates its buy rating on Melrose (MRO) and increased the target price to 230p (from 220p).

06 Sep:  JP Morgan Cazenove reiterates its overweight rating on Melrose (MRO) and increased the target price to 265p (from 250p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

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