Morgan Advanced Materials (LON:MGAM)‘s stock had its “buy” rating reaffirmed by research analysts at Peel Hunt in a note issued to investors on Wednesday. They currently have a GBX 430 ($5.83) target price on the stock. Peel Hunt’s price objective would indicate a potential upside of 22.30% from the stock’s current price.

A number of other research firms have also commented on MGAM. Liberum Capital restated a “buy” rating and set a GBX 415 ($5.63) price objective on shares of Morgan Advanced Materials in a research note on Thursday, January 18th. Barclays raised their price objective on Morgan Advanced Materials from GBX 325 ($4.41) to GBX 330 ($4.48) and gave the stock an “equal weight” rating in a research note on Monday, December 18th. Numis Securities restated a “hold” rating and set a GBX 350 ($4.75) price objective on shares of Morgan Advanced Materials in a research note on Tuesday, December 5th. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 325 ($4.41) price objective on shares of Morgan Advanced Materials in a research note on Tuesday, November 7th. Finally, restated a “buy” rating and set a GBX 375 ($5.09) price objective on shares of Morgan Advanced Materials in a research note on Friday, September 29th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 352 ($4.77).

Morgan Advanced Materials (LON MGAM) opened at GBX 351.60 ($4.77) on Wednesday. Morgan Advanced Materials has a 52 week low of GBX 277.20 ($3.76) and a 52 week high of GBX 366.80 ($4.97). The company has a market capitalization of $1,000.00 and a price-to-earnings ratio of 1,004.57.

In other news, insider Pete Raby sold 26,967 shares of Morgan Advanced Materials stock in a transaction on Friday, December 29th. The stock was sold at an average price of GBX 334 ($4.53), for a total value of £90,069.78 ($122,145.08).

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About Morgan Advanced Materials

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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