Morgan Advanced Materials plc (LON:MGAM – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday. The company traded as high as GBX 294 and last traded at GBX 287, with a volume of 600,444 shares traded. The stock had previously closed at GBX 284.
Analysts Set New Price Targets
Several brokerages recently commented on MGAM. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 250 price target on shares of Morgan Advanced Materials in a research report on Friday, September 18th. Berenberg Bank restated a “buy” rating and issued a GBX 280 price objective on shares of Morgan Advanced Materials in a report on Wednesday, September 16th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Morgan Advanced Materials from GBX 210 to GBX 235 and gave the company a “hold” rating in a report on Wednesday, August 19th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of GBX 246.
Get Our Latest Stock Report on Morgan Advanced Materials
Morgan Advanced Materials Price Performance
Morgan Advanced Materials (LON:MGAM – Get Free Report) last issued its earnings results on Friday, August 7th. The company reported GBX 10.70 earnings per share for the quarter. Morgan Advanced Materials had a return on equity of 5.79% and a net margin of 1.85%. On average, sell-side analysts forecast that Morgan Advanced Materials plc will post 32.50 EPS 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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