Shares of Morgan Advanced Materials PLC (LON:MGAM) have earned a consensus rating of “Hold” from the eleven analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 342.73 ($4.55).

A number of brokerages have recently issued reports on MGAM. Peel Hunt upped their target price on shares of Morgan Advanced Materials PLC from GBX 415 ($5.51) to GBX 430 ($5.71) and gave the company a “buy” rating in a research note on Friday, August 25th. Barclays PLC cut their target price on shares of Morgan Advanced Materials PLC from GBX 330 ($4.38) to GBX 325 ($4.32) and set an “equal weight” rating on the stock in a research note on Thursday, August 17th. HSBC Holdings plc restated a “buy” rating and issued a GBX 375 ($4.98) target price on shares of Morgan Advanced Materials PLC in a research note on Friday, September 29th. J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 300 ($3.99) target price on shares of Morgan Advanced Materials PLC in a research note on Friday, June 30th. Finally, Liberum Capital restated a “buy” rating and issued a GBX 380 ($5.05) target price on shares of Morgan Advanced Materials PLC in a research note on Monday, October 2nd.

Morgan Advanced Materials PLC (LON MGAM) traded down 0.69% during mid-day trading on Thursday, reaching GBX 301.30. The company’s stock had a trading volume of 163,825 shares. The stock’s market capitalization is GBX 858.14 million. The stock’s 50 day moving average price is GBX 302.24 and its 200 day moving average price is GBX 302.49. Morgan Advanced Materials PLC has a 1-year low of GBX 255.40 and a 1-year high of GBX 338.40.

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

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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.

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

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