Morgan Advanced Materials (LON:MGAM) Price Target Raised to GBX 240

Morgan Advanced Materials (LON:MGAM) had its price target upped by analysts at Deutsche Bank Aktiengesellschaft from GBX 235 to GBX 240 in a note issued to investors on Friday, Digital Look reports. The brokerage currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft‘s price objective points to a potential downside of 9.13% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 280 price objective on shares of Morgan Advanced Materials in a report on Wednesday, September 16th. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 250 target price on shares of Morgan Advanced Materials in a research note on Friday, September 18th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of GBX 247.

Morgan Advanced Materials Trading Up 0.0%

Shares of MGAM stock opened at GBX 264.11 on Friday. The company has a debt-to-equity ratio of 127.17, a quick ratio of 1.26 and a current ratio of 1.36. Morgan Advanced Materials has a 1 year low of GBX 179.80 and a 1 year high of GBX 294.50. The stock has a fifty day moving average of GBX 258.92 and a two-hundred day moving average of GBX 231.98. The firm has a market capitalization of £730.03 million, a PE ratio of 40.02, a price-to-earnings-growth ratio of 0.51 and a beta of 1.22.

Morgan Advanced Materials (LON:MGAM) last released its quarterly earnings results on Friday, August 7th. The company reported GBX 10.70 earnings per share (EPS) for the quarter. Morgan Advanced Materials had a return on equity of 5.79% and a net margin of 1.85%. As a group, research analysts expect that Morgan Advanced Materials will post 32.50 EPS for the current year.

Morgan Advanced Materials Company Profile

Morgan Advanced Materials plc operates as a materials science and application engineering company primarily the United Kingdom. It serves customers in the industrial, transportation, petrochemical and chemical, energy, semiconductor and electronics, healthcare, and security and defense markets. The company was formerly known as The Morgan Crucible Company plc and changed its name to Morgan Advanced Materials plc in March 2013. Morgan Advanced Materials plc was founded in 1856 and is headquartered in Windsor, the United Kingdom.