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An update from Melrose ( (GB:MRO) ) is now available.
Melrose Industries PLC has announced the repurchase of 155,131 of its ordinary shares at a weighted average price of 592.5627 pence per share through Investec Bank plc. The company plans to hold these shares in treasury, bringing its total treasury shares to 50,064,463, while the total shares in issue stand at 1,261,410,858. This transaction is part of Melrose’s ongoing buyback programme, which could impact the company’s stock liquidity and shareholder value.
The most recent analyst rating on (GB:MRO) stock is a Buy with a £800.00 price target. To see the full list of analyst forecasts on Melrose stock, see the GB:MRO Stock Forecast page.
Spark’s Take on GB:MRO Stock
According to Spark, TipRanks’ AI Analyst, GB:MRO is a Neutral.
The overall stock score of 57 reflects significant financial challenges, including declining revenue and negative cash flows, which weigh heavily on the score. However, positive technical indicators suggest potential for price appreciation, partially offsetting financial weaknesses. The valuation is moderate, with a P/E ratio indicating fair pricing, but a low dividend yield limits attractiveness for income-focused investors.
To see Spark’s full report on GB:MRO stock, click here.
More about Melrose
Average Trading Volume: 3,189,056
Technical Sentiment Signal: Buy
Current Market Cap: £7.32B
Find detailed analytics on MRO stock on TipRanks’ Stock Analysis page.