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The latest announcement is out from Melrose ( (GB:MRO) ).
Melrose Industries PLC has announced the purchase of 57,400 of its own ordinary shares, with prices ranging from £526.20 to £535.20 per share, and a weighted average price of £530.11. These shares will be held in treasury, increasing the total number of treasury shares to 40,199,188, while the total shares in issue, excluding treasury shares, stands at 1,271,276,133. This move is part of Melrose’s ongoing buyback programme, which may impact the company’s stock liquidity and shareholder value.
The most recent analyst rating on (GB:MRO) stock is a Sell with a £400.00 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 is driven by a mix of positive earnings growth and strategic buybacks, countered by financial and valuation challenges. The earnings call provides a strong future outlook, but financial stress and valuation concerns weigh heavily.
To see Spark’s full report on GB:MRO stock, click here.
More about Melrose
Average Trading Volume: 2,980,231
Technical Sentiment Signal: Strong Buy
Current Market Cap: £6.64B
For a thorough assessment of MRO stock, go to TipRanks’ Stock Analysis page.