Morgan Advanced Materials PLC (MGAM) Receives Consensus Rating of “Hold” from Analysts
Morgan Advanced Materials PLC (LON:MGAM) has received an average rating of “Hold” from the twelve brokerages that are currently covering the company. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is GBX 266.92 ($3.25).
Several equities research analysts have recently issued reports on MGAM shares. Liberum Capital reaffirmed a “buy” rating and set a GBX 290 ($3.53) target price on shares of Morgan Advanced Materials PLC in a research report on Wednesday, July 27th. HSBC reaffirmed a “buy” rating and set a GBX 270 ($3.29) target price on shares of Morgan Advanced Materials PLC in a research report on Thursday, June 30th. Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 295 ($3.60) target price on shares of Morgan Advanced Materials PLC in a research report on Thursday, July 28th. Jefferies Group increased their price target 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. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 255 ($3.11) price target on shares of Morgan Advanced Materials PLC in a research note on Monday, August 22nd.
Shares of Morgan Advanced Materials PLC (LON:MGAM) traded down 2.82% during mid-day trading on Wednesday, hitting GBX 289.10. 534,347 shares of the stock were exchanged. The firm’s market cap is GBX 823.35 million. Morgan Advanced Materials PLC has a 1-year low of GBX 187.50 and a 1-year high of GBX 310.80. The company’s 50-day moving average is GBX 291.45 and its 200-day moving average is GBX 258.41.
The firm also recently declared a dividend, which will be paid on Friday, November 25th. Stockholders of record on Thursday, November 3rd will be given a dividend of GBX 4 ($0.05) per share. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a dividend yield of 1.45%.
Morgan Advanced Materials PLC 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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