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Melrose ( (GB:MRO) ) just unveiled an announcement.
Melrose Industries PLC has announced the repurchase of 159,618 of its ordinary shares at prices ranging from 560.60 to 570.00 pence per share, with a weighted average price of 566.7089 pence. These shares will be held in treasury, increasing the total number of treasury shares to 50,675,097, while the total number of shares in issue remains at 1,260,800,224. This transaction is part of Melrose’s ongoing buyback program, which aims to optimize capital structure and potentially enhance 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: 3,111,890
Technical Sentiment Signal: Buy
Current Market Cap: £7.16B
See more data about MRO stock on TipRanks’ Stock Analysis page.