Should I Buy MELROSE INDUSTRIES PLC ORD 0.1P (MRO)?

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Brokers are keen, hanging a string of “overweight,” “outperform,” and “buy” garlands around the stock’s neck in recent weeks, with typical price targets of between £2.90 and £3. Today, you can buy MELROSE INDUSTRIES PLC ORD 0.1P (LON:MRO) shares for £2.62.

The stock looks fully valued at 15.9 times earnings, so maybe this is one to buy on weakness. It can be volatile, so watch out for good entry points, because it looks a tempting buy to me.

The article Should I Buy Melrose Industries? originally appeared on Fool.com.

Harvey Jones doesn’t own any company mentioned in this article.

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