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Melrose ( (GB:MRO) ) just unveiled an announcement.
Melrose Industries PLC has announced a share buyback, purchasing 90,171 of its ordinary shares at prices ranging from 625.80 to 633.40 pence per share, with a weighted average price of 630.3877 pence. These shares will be held in treasury, increasing the total treasury shares to 50,859,440, while the total shares in issue, excluding treasury shares, stands at 1,260,615,881. 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 Hold with a £590.00 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: 3,508,783
Technical Sentiment Signal: Strong Buy
Current Market Cap: £7.92B
Learn more about MRO stock on TipRanks’ Stock Analysis page.