Shares of Morgan Advanced Materials PLC (LON:MGAM) have been given a consensus rating of “Hold” by the twelve analysts that are covering the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is GBX 275.25 ($3.44).

A number of research firms have weighed in on MGAM. Citigroup Inc. reissued a “neutral” rating and set a GBX 265 ($3.31) target price on shares of Morgan Advanced Materials PLC in a research report on Thursday, July 28th. HSBC increased their price target on Morgan Advanced Materials PLC from GBX 270 ($3.37) to GBX 310 ($3.87) and gave the stock a “buy” rating in a report on Tuesday, August 16th. Numis Securities Ltd restated a “hold” rating and set a GBX 295 ($3.69) price target on shares of Morgan Advanced Materials PLC in a report on Thursday, July 28th. JPMorgan Chase & Co. increased their price target on Morgan Advanced Materials PLC from GBX 255 ($3.19) to GBX 265 ($3.31) and gave the stock a “neutral” rating in a report on Tuesday, November 8th. Finally, Peel Hunt restated a “buy” rating and set a GBX 360 ($4.50) price target on shares of Morgan Advanced Materials PLC in a report on Monday, November 7th.

Morgan Advanced Materials PLC (LON:MGAM) traded up 0.31% during mid-day trading on Wednesday, hitting GBX 287.60. 262,321 shares of the stock were exchanged. 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 market capitalization is GBX 819.08 million. The stock has a 50 day moving average price of GBX 282.14 and a 200 day moving average price of GBX 267.15.

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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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