Shares of Morgan Advanced Materials PLC (LON:MGAM) have been given a consensus rating of “Buy” by the seven research firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is GBX 323 ($4.22).
A number of brokerages recently issued reports on MGAM. Berenberg Bank reissued a “buy” rating and issued a GBX 330 ($4.31) price objective on shares of Morgan Advanced Materials in a report on Tuesday, August 20th. Bank of America cut their target price on Morgan Advanced Materials from GBX 280 ($3.66) to GBX 270 ($3.53) and set a “neutral” rating on the stock in a research note on Thursday, October 10th. Finally, Royal Bank of Canada downgraded Morgan Advanced Materials to an “underperform” rating in a research note on Wednesday, October 9th.
Shares of LON MGAM traded up GBX 2 ($0.03) during midday trading on Tuesday, hitting GBX 291.80 ($3.81). 265,818 shares of the company’s stock were exchanged, compared to its average volume of 413,500. The company has a debt-to-equity ratio of 116.38, a current ratio of 1.43 and a quick ratio of 0.91. The stock’s 50 day moving average price is GBX 264.16 and its 200-day moving average price is GBX 258.30. The firm has a market cap of $832.71 million and a P/E ratio of 15.04. Morgan Advanced Materials has a twelve month low of GBX 228.92 ($2.99) and a twelve month high of GBX 295 ($3.85).
In related news, insider Laurence Mulliez acquired 5,320 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average price of GBX 279 ($3.65) per share, for a total transaction of £14,842.80 ($19,394.75). Also, insider Helen Bunch acquired 1,103 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were bought at an average price of GBX 269 ($3.51) per share, for a total transaction of £2,967.07 ($3,877.00).
About Morgan Advanced Materials
Morgan Advanced Materials plc operates as an advanced materials science and engineering company that focuses on ceramics, carbon, and composites primarily in the United Kingdom. The company offers high-temperature insulating fiber products, microporous products, firebricks, monolithic products, heat shields, fired refractory shapes, and structural block insulation products; crucibles, foundry products, and furnace industries furnace ranges; and seals and bearings, as well as general pump components, such as shafts, vanes, rotors, and washers.
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