Morgan Advanced Materials’ (MGAM) “Sector perform” Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada restated their sector perform rating on shares of Morgan Advanced Materials (LON:MGAM) in a research report sent to investors on Wednesday, Marketbeat Ratings reports. The brokerage currently has a GBX 210 price objective on the stock.

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 265 price target on shares of Morgan Advanced Materials in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 237.50.

Morgan Advanced Materials Stock Performance

Shares of MGAM opened at GBX 208.01 on Wednesday. The company has a debt-to-equity ratio of 113.93, a quick ratio of 1.26 and a current ratio of 1.23. Morgan Advanced Materials has a twelve month low of GBX 167 and a twelve month high of GBX 251.50. The firm’s 50 day moving average price is GBX 230.38 and its two-hundred day moving average price is GBX 216.45. The firm has a market cap of £574.56 million, a P/E ratio of 21.23, a PEG ratio of 0.51 and a beta of 1.16.

Morgan Advanced Materials (LON:MGAM) last issued its quarterly earnings data on Tuesday, March 3rd. The company reported GBX 15.90 earnings per share (EPS) for the quarter. Morgan Advanced Materials had a net margin of 2.12% and a return on equity of 6.66%. On average, analysts forecast 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.