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.

WARNING: “Brokerages Set Morgan Advanced Materials PLC (MGAM) Target Price at $342.73” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another publication, it was copied illegally and republished in violation of United States and international trademark and copyright laws. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/11/16/brokerages-set-morgan-advanced-materials-plc-mgam-target-price-at-342-73.html.

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.

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

Receive News & Stock Ratings for Morgan Advanced Materials PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Advanced Materials PLC and related stocks with our FREE daily email newsletter.