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Home / Momentum / Melrose Industries PLC (MRO.L) 28-10-19

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) 28-10-19

Melrose Industries PLC (MRO.L) has continued to rally strongly, setting new recent highs. Will the momentum persist?

 

  • Now trading at 212.1p (at time of writing), momentum has been robust.
  • Will it end, or is this trend your friend?
  • Is this the opportunity for momentum traders?
  • Momentum has been robust, but traders should remember that past performance is not always an indication of the future.
  • Technical traders should be mindful of breaking news. It can influence price action. Check our website for updates.
  • Shares -2% from 12-month highs; +45% from 12 month lows.

Latest News

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).

05 Sep:  Melrose Industries announced trading ‘in line’ with expectations for 2019. It also reported increased H1 revenue, and smaller losses year on year.

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

 

Click to enlarge

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