Morgan Advanced Materials’ (MGAM) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Morgan Advanced Materials (LON:MGAM – Free Report) in a report published on Wednesday,Digital Look reports. The firm currently has a GBX 280 price target on the stock.

Separately, Deutsche Bank Aktiengesellschaft upped their price objective on Morgan Advanced Materials from GBX 210 to GBX 235 and gave the company a “hold” rating in a research note on Wednesday, August 19th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of GBX 246.

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Morgan Advanced Materials Trading Down 0.2%

Shares of MGAM stock opened at GBX 246.90 on Wednesday. The firm has a market capitalization of £682.47 million, a P/E ratio of 37.41, a P/E/G ratio of 0.51 and a beta of 1.22. Morgan Advanced Materials has a twelve month low of GBX 179.80 and a twelve month high of GBX 261. The company has a quick ratio of 1.26, a current ratio of 1.36 and a debt-to-equity ratio of 127.17. The stock’s fifty day simple moving average is GBX 235.91 and its 200 day simple moving average is GBX 222.44.

Morgan Advanced Materials (LON:MGAM – Get Free Report) last posted its earnings results on Friday, August 7th. The company reported GBX 10.70 EPS for the quarter. Morgan Advanced Materials had a return on equity of 5.79% and a net margin of 1.85%. As a group, sell-side analysts predict that Morgan Advanced Materials will post 32.5 EPS for the current fiscal year.

About Morgan Advanced Materials

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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.

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