Morgan Advanced Materials’ (MGAM) “Hold” Rating Reaffirmed at Jefferies Financial Group

Jefferies Financial Group reaffirmed their hold rating on shares of Morgan Advanced Materials (LON:MGAM) in a research note published on Thursday,Digital Look reports. Jefferies Financial Group currently has a GBX 230 price objective on the stock.

Several other brokerages have also issued reports on MGAM. Berenberg Bank reiterated a “buy” rating and set a GBX 265 price objective on shares of Morgan Advanced Materials in a report on Wednesday, March 4th. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 210 price objective on shares of Morgan Advanced Materials in a report on Wednesday, March 4th. Finally, Citigroup increased their price objective on Morgan Advanced Materials from GBX 230 to GBX 235 and gave the stock a “buy” rating in a report on Thursday, March 12th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Morgan Advanced Materials has a consensus rating of “Hold” and an average target price of GBX 235.

Morgan Advanced Materials Price Performance

Shares of LON:MGAM opened at GBX 228.50 on Thursday. The company has a current ratio of 1.23, a quick ratio of 1.26 and a debt-to-equity ratio of 113.93. Morgan Advanced Materials has a 1 year low of GBX 167 and a 1 year high of GBX 251.50. The business has a fifty day simple moving average of GBX 211.43 and a 200 day simple moving average of GBX 215.05. The firm has a market cap of £631.61 million, a price-to-earnings ratio of 30.47, a P/E/G ratio of 0.51 and a beta of 1.21.

Morgan Advanced Materials (LON:MGAM) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported GBX 15.90 earnings per share (EPS) for the quarter. Morgan Advanced Materials had a return on equity of 6.66% and a net margin of 2.12%. As a group, sell-side analysts predict that Morgan Advanced Materials will post 32.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Damien Caby sold 6,599 shares of Morgan Advanced Materials stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of GBX 185, for a total transaction of £12,208.15. 1.21% of the stock is currently owned by company insiders.

About Morgan Advanced Materials

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.