Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
The latest announcement is out from Melrose ( (GB:MRO) ).
Melrose Industries PLC, a company involved in the acquisition and improvement of underperforming businesses, has announced the repurchase of 64,800 of its ordinary shares. The shares were purchased at a weighted average price of 617.6538 pence per share through J.P. Morgan Securities plc, and are intended to be held in treasury. Following this transaction, Melrose holds 66,856,491 shares in treasury and has 1,284,618,830 shares in issue. This move is part of a buyback program aimed at optimizing capital structure and potentially increasing shareholder value.
More about Melrose
YTD Price Performance: 10.55%
Average Trading Volume: 3,713,255
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £7.87B
For a thorough assessment of MRO stock, go to TipRanks’ Stock Analysis page.
