Morgan Advanced Materials (LON:MGAM) Receives “Buy” Rating from Berenberg Bank

Morgan Advanced Materials (LON:MGAM)‘s stock had its “buy” rating reiterated by investment analysts at Berenberg Bank in a research report issued on Wednesday, Digital Look reports. They currently have a GBX 280 price objective on the stock. Berenberg Bank’s target price indicates a potential upside of 14.75% from the company’s previous close.

Separately, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Morgan Advanced Materials from GBX 210 to GBX 235 and gave the company a “hold” rating in a report on Wednesday, August 19th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Morgan Advanced Materials currently has an average rating of “Hold” and an average target price of GBX 238.

Morgan Advanced Materials Trading Up 1.0%

Shares of Morgan Advanced Materials stock opened at GBX 244 on Wednesday. Morgan Advanced Materials has a 1 year low of GBX 179.80 and a 1 year high of GBX 261. The company has a market capitalization of £674.45 million, a P/E ratio of 36.97, a P/E/G ratio of 0.51 and a beta of 1.22. The business has a 50 day moving average price of GBX 233.78 and a 200 day moving average price of GBX 222.20. The company has a debt-to-equity ratio of 127.17, a current ratio of 1.36 and a quick ratio of 1.26.

Morgan Advanced Materials (LON:MGAM) last announced its quarterly earnings data on Friday, August 7th. The company reported GBX 10.70 earnings per share (EPS) for the quarter. Morgan Advanced Materials had a net margin of 1.85% and a return on equity of 5.79%. Sell-side analysts anticipate that Morgan Advanced Materials will post 32.5 EPS for the current fiscal year.

About Morgan Advanced Materials

Morgan Advanced Materials plc operates as a materials science and application engineering company primarily the United Kingdom. It serves customers in the industrial, transportation, petrochemical and chemical, energy, semiconductor and electronics, healthcare, and security and defense markets. The company was formerly known as The Morgan Crucible Company plc and changed its name to Morgan Advanced Materials plc in March 2013. Morgan Advanced Materials plc was founded in 1856 and is headquartered in Windsor, the United Kingdom.