Morgan Advanced Materials PLC (LON:MGAM) has been given an average rating of “Hold” by the ten research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is GBX 345 ($4.46).

Several brokerages have recently weighed in on MGAM. J P Morgan Chase & Co raised their target price on Morgan Advanced Materials PLC from GBX 300 ($3.87) to GBX 325 ($4.20) and gave the stock a “neutral” rating in a research report on Monday, July 31st. Barclays PLC cut their target price on Morgan Advanced Materials PLC from GBX 330 ($4.26) to GBX 325 ($4.20) and set an “equal weight” rating on the stock in a research report on Thursday, August 17th. Peel Hunt raised their target price on Morgan Advanced Materials PLC from GBX 415 ($5.36) to GBX 430 ($5.55) and gave the stock a “buy” rating in a research report on Friday, August 25th. Liberum Capital reissued a “buy” rating and set a GBX 380 ($4.91) target price on shares of Morgan Advanced Materials PLC in a research report on Friday, July 28th. Finally, Jefferies Group LLC cut their target price on Morgan Advanced Materials PLC from GBX 335 ($4.33) to GBX 325 ($4.20) and set a “hold” rating on the stock in a research report on Tuesday, May 30th.

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Shares of Morgan Advanced Materials PLC (LON:MGAM) traded down 1.00% during trading on Wednesday, reaching GBX 296.20. 115,574 shares of the company’s stock were exchanged. Morgan Advanced Materials PLC has a 12-month low of GBX 255.40 and a 12-month high of GBX 338.40. The stock has a 50-day moving average price of GBX 297.41 and a 200 day moving average price of GBX 304.12. The company’s market capitalization is GBX 843.62 million.

The company also recently declared a dividend, which will be paid on Friday, November 24th. Shareholders of record on Thursday, November 2nd will be given a dividend of GBX 4 ($0.05) per share. This represents a yield of 1.35%. The ex-dividend date of this dividend is Thursday, November 2nd.

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.

Analyst Recommendations for Morgan Advanced Materials PLC (LON:MGAM)

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