Liberum Capital Reiterates “Buy” Rating for Morgan Advanced Materials PLC (MGAM)
Morgan Advanced Materials PLC (LON:MGAM)‘s stock had its “buy” rating reiterated by analysts at Liberum Capital in a research note issued to investors on Monday. They currently have a GBX 380 ($5.04) price target on the stock. Liberum Capital’s price objective points to a potential upside of 23.90% from the company’s previous close.
Other research analysts have also recently issued reports about the company. Barclays PLC reduced their price target on Morgan Advanced Materials PLC from GBX 330 ($4.38) to GBX 325 ($4.31) and set an “equal weight” rating for the company in a research report on Thursday, August 17th. HSBC Holdings plc reaffirmed a “buy” rating and set a GBX 375 ($4.97) price target on shares of Morgan Advanced Materials PLC in a research report on Friday, September 29th. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a GBX 300 ($3.98) price target on shares of Morgan Advanced Materials PLC in a research report on Friday, June 30th. Peel Hunt boosted their price target on Morgan Advanced Materials PLC from GBX 415 ($5.50) to GBX 430 ($5.70) and gave the stock a “buy” rating in a research report on Friday, August 25th. Finally, Berenberg Bank initiated coverage on Morgan Advanced Materials PLC in a research note on Wednesday, September 6th. They set a “hold” rating and a GBX 320 ($4.24) price objective on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 342.73 ($4.55).
Shares of Morgan Advanced Materials PLC (LON:MGAM) opened at 306.70 on Monday. Morgan Advanced Materials PLC has a 52 week low of GBX 255.40 and a 52 week high of GBX 338.40. The stock has a 50 day moving average of GBX 298.58 and a 200-day moving average of GBX 302.66. The firm’s market capitalization is GBX 873.52 million.
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About Morgan Advanced Materials PLC
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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