How do brokers rate Melrose Industries?
Broker recommendations can be a useful indicator when it comes to researching shares. Examining the average (sometimes called the 'consensus') rating among analysts can offer a guide to whether a share is worth buying or not.
Take Melrose Industries (LON:MRO) as an example. Shares in the company have risen by 4.63% over the past month and it’s currently trading at 178.4p. But what do its brokers think?
According to the consensus of analysts covering the stock, there could be reasons to believe the positive trend will continue. In terms of trading recommendations, Melrose Industries currently has:
- 6 Buy recommendations
- 1 Hold recommendations
- 0 Sell recommendations
This indicates that analysts are generally positive about the outlook.
At its current price of 178.4p, shares in Melrose Industries are trading at a discount of -7.16% to its 52 week high price. The 1-year performance of the shares has been 47.5%.
While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Melrose Industries it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Melrose Industries that you can find out about here.
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