Liberum Capital Reiterates Buy Rating for Morgan Advanced Materials PLC (MGAM)
Morgan Advanced Materials PLC (LON:MGAM)‘s stock had its “buy” rating reissued by equities researchers at Liberum Capital in a research report issued to clients and investors on Monday. They presently have a GBX 380 ($5.00) target price on the stock. Liberum Capital’s target price points to a potential upside of 15.15% from the company’s current price.
Several other research firms have also issued reports on MGAM. J P Morgan Chase & Co increased their target price on shares of Morgan Advanced Materials PLC from GBX 300 ($3.95) to GBX 325 ($4.27) and gave the stock a “neutral” rating in a report on Monday, July 31st. Peel Hunt reissued a “buy” rating and issued a GBX 430 ($5.66) target price on shares of Morgan Advanced Materials PLC in a report on Monday, November 6th. Berenberg Bank initiated 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) target price for the company. 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. Finally, reissued a “buy” rating and issued a GBX 375 ($4.93) target price on shares of Morgan Advanced Materials PLC in a report on Friday, September 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 342.73 ($4.51).
Shares of Morgan Advanced Materials PLC (LON:MGAM) opened at GBX 330 ($4.34) on Monday. Morgan Advanced Materials PLC has a fifty-two week low of GBX 275.70 ($3.63) and a fifty-two week high of GBX 338.40 ($4.45).
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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