TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The latest announcement is out from Melrose ( (GB:MRO) ).
Melrose Industries PLC has announced the repurchase of 149,500 of its ordinary shares at prices ranging from 594.20 pence to 605.80 pence, with a weighted average price of 599.8680 pence. The shares will be held in treasury, bringing the total number of treasury shares to 49,293,771, while the total shares in issue, excluding treasury shares, stands at 1,262,181,550. This transaction is part of Melrose’s ongoing buyback program, which may 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: 3,140,345
Technical Sentiment Signal: Strong Buy
Current Market Cap: £7.89B
For an in-depth examination of MRO stock, go to TipRanks’ Overview page.