Morgan Advanced Materials PLC (MGAM) Receives Consensus Rating of “Hold” from Analysts

Shares of Morgan Advanced Materials PLC (LON:MGAM) have received a consensus recommendation of “Hold” from the twelve ratings firms that are covering the company. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is GBX 266.92 ($3.25).

MGAM has been the subject of several research reports. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 255 ($3.11) price objective on shares of Morgan Advanced Materials PLC in a research note on Monday, August 22nd. Jefferies Group boosted their price objective on Morgan Advanced Materials PLC from GBX 243 ($2.96) to GBX 294 ($3.58) and gave the stock a “hold” rating in a research note on Thursday, September 22nd. HSBC reiterated a “buy” rating and set a GBX 270 ($3.29) price objective on shares of Morgan Advanced Materials PLC in a research note on Thursday, June 30th. Numis Securities Ltd reiterated a “hold” rating and set a GBX 295 ($3.60) price objective on shares of Morgan Advanced Materials PLC in a research note on Thursday, July 28th. Finally, Liberum Capital boosted their price objective on Morgan Advanced Materials PLC from GBX 290 ($3.53) to GBX 305 ($3.72) and gave the stock a “buy” rating in a research note on Tuesday, August 2nd.

Morgan Advanced Materials PLC (LON:MGAM) traded down 2.82% during trading on Wednesday, hitting GBX 289.10. The stock had a trading volume of 534,347 shares. The stock’s market cap is GBX 823.35 million. Morgan Advanced Materials PLC has a 12 month low of GBX 187.50 and a 12 month high of GBX 310.80. The stock has a 50 day moving average price of GBX 291.45 and a 200-day moving average price of GBX 258.41.

The firm also recently disclosed a dividend, which will be paid on Friday, November 25th. Investors of record on Thursday, November 3rd will be issued a GBX 4 ($0.05) dividend. This represents a yield of 1.45%. The ex-dividend date is Thursday, November 3rd.

About Morgan Advanced Materials PLC

Morgan Advanced Materials plc, formerly The Morgan Crucible Company plc, is a United Kingdom-based engineering company. The Company is engaged in advanced materials science and engineering of ceramics, carbon and composites. The Company’s segments include North America, Europe and Asia/Rest of World.

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