Morgan Advanced Materials (LON:MGAM – Free Report) had its target price raised by Deutsche Bank Aktiengesellschaft from GBX 235 to GBX 240 in a research report released on Friday,Digital Look reports. The brokerage currently has a hold rating on the stock.
Other equities analysts also recently issued research reports about the stock. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 250 price target on shares of Morgan Advanced Materials in a report on Friday, September 18th. Berenberg Bank reissued a “buy” rating and set a GBX 280 price objective on shares of Morgan Advanced Materials in a report on Wednesday, September 16th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 247.
View Our Latest Report on MGAM
Morgan Advanced Materials Price Performance
Morgan Advanced Materials stock traded up GBX 0.11 during midday trading on Friday, reaching GBX 264.11. The company’s stock had a trading volume of 749,335 shares, compared to its average volume of 3,105,141. Morgan Advanced Materials has a fifty-two week low of GBX 179.80 and a fifty-two week high of GBX 294.50. The company has a debt-to-equity ratio of 127.17, a quick ratio of 1.26 and a current ratio of 1.36. The stock’s 50 day simple moving average is GBX 258.92 and its 200 day simple moving average is GBX 231.98. The firm has a market capitalization of £730.03 million, a PE ratio of 40.02, a P/E/G ratio of 0.51 and a beta of 1.22.
Morgan Advanced Materials (LON:MGAM – Get Free Report) last issued its earnings results on Friday, August 7th. The company reported GBX 10.70 EPS for the quarter. Morgan Advanced Materials had a net margin of 1.85% and a return on equity of 5.79%. On average, equities research analysts forecast that Morgan Advanced Materials will post 32.50 earnings per share for the current year.
Morgan Advanced Materials Company Profile
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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