Morgan Advanced Materials PLC (MGAM) Receives Average Rating of “Hold” from Analysts
Morgan Advanced Materials PLC (LON:MGAM) has received an average rating of “Hold” from the ten ratings firms that are covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is GBX 352 ($4.86).
A number of brokerages have weighed in on MGAM. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 325 ($4.49) price target on shares of Morgan Advanced Materials in a report on Tuesday, November 7th. Barclays increased their price target 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 report on Monday, December 18th. Liberum Capital reissued a “buy” rating and issued a GBX 380 ($5.25) price target on shares of Morgan Advanced Materials in a report on Monday, November 20th. Numis Securities reissued a “hold” rating and issued a GBX 350 ($4.84) price target on shares of Morgan Advanced Materials in a report on Tuesday, December 5th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 430 ($5.94) price target on shares of Morgan Advanced Materials in a report on Wednesday, January 24th.
In other Morgan Advanced Materials news, insider Pete Raby sold 26,967 shares of the stock in a transaction on Friday, December 29th. The shares were sold at an average price of GBX 334 ($4.61), for a total value of £90,069.78 ($124,440.15).
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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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