Morgan Advanced Materials plc (LON:MGAM – Get Free Report)’s share price crossed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of GBX 254.79 and traded as high as GBX 255.50. Morgan Advanced Materials shares last traded at GBX 254.95, with a volume of 20,849,859 shares changing hands.
Analysts Set New Price Targets
MGAM has been the subject of several research reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Morgan Advanced Materials from GBX 210 to GBX 235 and gave the company a “hold” rating in a research note on Wednesday, August 19th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 250 target price on shares of Morgan Advanced Materials in a research note on Friday, September 18th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 280 price target on shares of Morgan Advanced Materials in a report on Wednesday, September 16th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of GBX 246.
Check Out Our Latest Report on Morgan Advanced Materials
Morgan Advanced Materials Trading Up 1.0%
The business has a fifty day simple moving average of GBX 254.79 and a 200-day simple moving average of GBX 230.69. 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 firm has a market cap of £710.39 million, a price-to-earnings ratio of 38.94, a PEG ratio of 0.51 and a beta of 1.22.
Morgan Advanced Materials (LON:MGAM – Get Free Report) last announced its quarterly 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, equities analysts forecast that Morgan Advanced Materials plc will post 32.50 earnings per share for the current fiscal 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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