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Home / Momentum / Melrose Industries PLC (MRO.L) 28-10-19

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Melrose Industries PLC (MRO.L) 28-10-19

Melrose Industries PLC (MRO.L) has continued to rally strongly, setting new recent highs. Will the momentum persist?

 

  • Now trading at 212.1p (at time of writing), momentum has been robust.
  • Will it end, or is this trend your friend?
  • Is this the opportunity for momentum traders?
  • Momentum has been robust, but traders should remember that past performance is not always an indication of the future.
  • Technical traders should be mindful of breaking news. It can influence price action. Check our website for updates.
  • Shares -2% from 12-month highs; +45% from 12 month lows.

Latest News

22 Oct:  JP Morgan Cazenove reiterates its overweight rating on Melrose (MRO) and reduced the target price to 260p (from 265p).

09 Sep:  Citigroup reiterates its buy rating on Melrose (MRO) and increased the target price to 230p (from 220p).

06 Sep:  JP Morgan Cazenove reiterates its overweight rating on Melrose (MRO) and increased the target price to 265p (from 250p).

05 Sep:  Melrose Industries announced trading ‘in line’ with expectations for 2019. It also reported increased H1 revenue, and smaller losses year on year.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.

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