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An announcement from Melrose ( (GB:MRO) ) is now available.
Melrose Industries PLC has executed a share buyback program, purchasing 98,255 of its ordinary shares through Investec Bank plc. The shares were bought at prices ranging from 604.40 pence to 618.60 pence, with a weighted average price of 611.9963 pence per share. These shares will be held in treasury, increasing the total number of treasury shares to 49,706,940, while the total shares in issue, excluding treasury shares, is 1,261,768,381. This transaction is part of Melrose’s ongoing strategy to manage its capital structure and return value to shareholders.
The most recent analyst rating on (GB:MRO) stock is a Sell with a £4.10 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: 3,587,481
Technical Sentiment Signal: Strong Buy
Current Market Cap: £7.84B
For a thorough assessment of MRO stock, go to TipRanks’ Stock Analysis page.