Shares of Morgan Advanced Materials PLC (LON:MGAM) have earned an average rating of “Hold” from the ten research firms that are currently covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is GBX 356 ($4.92).
A number of equities analysts have issued reports on the company. Jefferies Group upped their target price on Morgan Advanced Materials from GBX 330 ($4.56) to GBX 365 ($5.04) and gave the company a “hold” rating in a research report on Thursday. Peel Hunt reaffirmed a “buy” rating and issued a GBX 430 ($5.94) target price on shares of Morgan Advanced Materials in a research report on Tuesday, October 31st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 325 ($4.49) target price on shares of Morgan Advanced Materials in a research report on Tuesday, February 13th. Barclays upped their target price on Morgan Advanced Materials from GBX 325 ($4.49) to GBX 330 ($4.56) and gave the company an “equal weight” rating in a research report on Monday, December 18th. Finally, Liberum Capital reaffirmed a “buy” rating and issued a GBX 380 ($5.25) target price on shares of Morgan Advanced Materials in a research report on Monday, November 20th.
Morgan Advanced Materials (MGAM) traded down GBX 1.60 ($0.02) during trading on Wednesday, reaching GBX 338.40 ($4.68). The company had a trading volume of 195,731 shares, compared to its average volume of 399,202. The firm has a market cap of $965.69 and a price-to-earnings ratio of 966.86. Morgan Advanced Materials has a 12-month low of GBX 277.20 ($3.83) and a 12-month high of GBX 366.80 ($5.07).
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Morgan Advanced Materials Company Profile
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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