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The latest announcement is out from Melrose ( (GB:MRO) ).
Melrose Industries PLC has announced the repurchase of 151,063 of its ordinary shares through Investec Bank plc, with prices ranging from 587.00 to 594.40 pence per share. These shares will be held in treasury, increasing the total number of treasury shares to 47,126,415, while the total shares in issue, excluding treasury shares, remain at 1,264,348,906.
The most recent analyst rating on (GB:MRO) stock is a Hold with a £6.20 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: 3,242,900
Technical Sentiment Signal: Strong Buy
Current Market Cap: £7.51B
Find detailed analytics on MRO stock on TipRanks’ Stock Analysis page.