Shares of Morgan Advanced Materials PLC (LON:MGAM) have been assigned an average rating of “Hold” from the eleven research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 342.27 ($4.58).

A number of equities research analysts have weighed in on MGAM shares. Numis Securities reiterated a “hold” rating and set a GBX 350 ($4.68) price target on shares of Morgan Advanced Materials in a research report on Tuesday, December 5th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 325 ($4.35) price target on shares of Morgan Advanced Materials in a research report on Tuesday, November 7th. Peel Hunt reiterated a “buy” rating and set a GBX 430 ($5.75) price target on shares of Morgan Advanced Materials in a research report on Monday, November 6th. Liberum Capital reiterated a “buy” rating and set a GBX 380 ($5.08) price target on shares of Morgan Advanced Materials in a research report on Monday, October 2nd. Finally, reiterated a “buy” rating and set a GBX 375 ($5.01) price target on shares of Morgan Advanced Materials in a research report on Friday, September 29th.

In related news, insider Pete Raby sold 26,967 shares of Morgan Advanced Materials stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of GBX 334 ($4.47), for a total value of £90,069.78 ($120,430.24).

Shares of Morgan Advanced Materials (LON:MGAM) traded down GBX 0.80 ($0.01) on Tuesday, hitting GBX 345.20 ($4.62). 289,510 shares of the company’s stock were exchanged, compared to its average volume of 302,828. Morgan Advanced Materials has a 1-year low of GBX 277.20 ($3.71) and a 1-year high of GBX 347.80 ($4.65). The firm has a market capitalization of $985.10 and a PE ratio of 986.29.

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Morgan Advanced Materials 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 (LON:MGAM)

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