Brokerages Set Morgan Advanced Materials PLC (MGAM) Target Price at $342.73
Shares of Morgan Advanced Materials PLC (LON:MGAM) have earned an average recommendation of “Hold” from the eleven research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 342.73 ($4.51).
MGAM has been the subject of several research analyst reports. J P Morgan Chase & Co upped their price target on shares of Morgan Advanced Materials PLC from GBX 300 ($3.95) to GBX 325 ($4.27) and gave the company a “neutral” rating in a report on Monday, July 31st. Peel Hunt reiterated a “buy” rating and issued a GBX 430 ($5.66) price target on shares of Morgan Advanced Materials PLC in a report on Monday, November 6th. Liberum Capital reiterated a “buy” rating and issued a GBX 380 ($5.00) price target on shares of Morgan Advanced Materials PLC in a report on Monday, November 6th. Berenberg Bank started coverage on shares of Morgan Advanced Materials PLC in a report on Wednesday, September 6th. They issued a “hold” rating and a GBX 320 ($4.21) price target for the company. Finally, Barclays PLC reduced their target price on shares of Morgan Advanced Materials PLC from GBX 330 ($4.34) to GBX 325 ($4.27) and set an “equal weight” rating for the company in a report on Thursday, August 17th.
Shares of Morgan Advanced Materials PLC (MGAM) traded up GBX 0.97 ($0.01) during midday trading on Monday, reaching GBX 323.87 ($4.26). 175,788 shares of the company were exchanged, compared to its average volume of 355,734. Morgan Advanced Materials PLC has a 52-week low of GBX 275.70 ($3.63) and a 52-week high of GBX 338.40 ($4.45).
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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