Citi Reaffirms Their Buy Rating on Melrose (MRO)
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Armitage covers the Industrials sector, focusing on stocks such as Airbus Group SE, MTU Aero Engines, and BAE Systems. According to TipRanks, Armitage has an average return of 26.3% and a 77.00% success rate on recommended stocks.
In addition to Citi, Melrose also received a Buy from J.P. Morgan's Andrew Wilson CFA in a report issued on July 2. However, on June 26, Kepler Capital downgraded Melrose (LSE: MRO) to a Hold.
MRO market cap is currently £6.79B and has a P/E ratio of -141.64.
Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MRO in relation to earlier this year.
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