Morgan Advanced Materials’ (MGAM) Neutral Rating Reaffirmed at JPMorgan Chase & Co.
Morgan Advanced Materials (LON:MGAM)‘s stock had its “neutral” rating reissued by stock analysts at JPMorgan Chase & Co. in a research report issued on Tuesday. They presently have a GBX 325 ($4.49) price target on the stock. JPMorgan Chase & Co.’s price objective indicates a potential downside of 2.93% from the company’s current price.
Other analysts have also issued research reports about the stock. Liberum Capital reiterated a “buy” rating and issued a GBX 415 ($5.73) target price on shares of Morgan Advanced Materials in a research report on Thursday, January 18th. Peel Hunt reiterated a “buy” rating and issued a GBX 430 ($5.94) target price on shares of Morgan Advanced Materials in a research report on Tuesday, October 31st. Barclays lifted their target price on shares of Morgan Advanced Materials from GBX 325 ($4.49) to GBX 330 ($4.56) and gave the company an “equal weight” rating in a research report on Monday, December 18th. Finally, Numis Securities reissued a “hold” rating and issued a GBX 350 ($4.84) price target on shares of Morgan Advanced Materials in a research note on Tuesday, December 5th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of GBX 352 ($4.86).
Shares of Morgan Advanced Materials (LON MGAM) opened at GBX 334.80 ($4.63) on Tuesday. Morgan Advanced Materials has a 52-week low of GBX 277.20 ($3.83) and a 52-week high of GBX 366.80 ($5.07). The stock has a market cap of $945.15 and a PE ratio of 956.57.
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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.
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