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Melrose ( (GB:MRO) ) has issued an announcement.
Melrose Industries PLC has announced a share buyback, purchasing 150,049 of its ordinary shares through Investec Bank plc. The shares were bought at prices ranging from 588.40 to 595.60 pence, with a weighted average price of 591.7146 pence, and will be held in treasury. This transaction leaves the company with 45,470,349 shares in treasury and 1,266,004,972 shares in issue, excluding treasury shares.
The most recent analyst rating on (GB:MRO) stock is a Hold with a £609.00 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: 3,092,380
Technical Sentiment Signal: Strong Buy
Current Market Cap: £7.45B
Learn more about MRO stock on TipRanks’ Stock Analysis page.