Melrose Industries (MRO)

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Share Price:
494.30p
Market Cap:
£6,160m
Change Today:
2.20p
Sector:
Manufacturing

Kepler downgrades Melrose Industries to 'hold'

By Michele Maatouk

Date: Thursday 26 Jun 2025

LONDON (ShareCast) - (Sharecast News) - Kepler Cheuvreux downgraded Melrose Industries to 'hold' from 'buy' on Thursday, as it said there is no longer enough upside to justify the 'buy' rating.
Kepler said it expects "no miracles" on sales and margins when the company reports first-half results on 1 August.

It said free cash flow is set to remain negative at -€70-100m, given the continued cash drain from restructuring, GTF recall costs, and variable considerations.

"Meanwhile, we cut our estimates to reflect US dollar weakness and higher interest costs, expecting pending tariff costs of £10-15m to be absorbed by underlying Engines margin gains," it said.

Kepler said its target price of 540p still aims for a 6% free cash flow yield on the group's 2029 £0.6bn FCF target.

At 1550 BST, the shares were down 1.3% at 513.40p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

MRO Market Data

Currency UK Pounds
Price 494.30p
Change Today 2.20p
52 Week High 681.80p
52 Week Low 448.20p
Volume 4,928,118
Shares Issued 1,246.10m
Market Cap £6,160m

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