Morgan Advanced Materials (LON:MGAM – Get Free Report) had its price objective raised by research analysts at Deutsche Bank Aktiengesellschaft from GBX 235 to GBX 240 in a note issued to investors on Friday, Digital Look reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft‘s target price suggests a potential downside of 9.13% from the company’s current price.
MGAM has been the topic of several other research reports. Berenberg Bank restated a “buy” rating and issued a GBX 280 price objective on shares of Morgan Advanced Materials in a research note on Wednesday, September 16th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 250 price objective on shares of Morgan Advanced Materials in a research report on Friday, September 18th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Morgan Advanced Materials presently has a consensus rating of “Hold” and a consensus target price of GBX 247.
Check Out Our Latest Report on MGAM
Morgan Advanced Materials Stock Performance
Shares of Morgan Advanced Materials stock traded up GBX 0.11 during trading on Friday, hitting GBX 264.11. 749,335 shares of the stock were exchanged, compared to its average volume of 3,105,141. The stock has a market capitalization of £730.03 million, a price-to-earnings ratio of 40.02, a price-to-earnings-growth ratio of 0.51 and a beta of 1.22. The company has a fifty day moving average price of GBX 258.92 and a 200-day moving average price of GBX 231.98. Morgan Advanced Materials has a 1-year low of GBX 179.80 and a 1-year high of GBX 294.50. The company has a current ratio of 1.36, a quick ratio of 1.26 and a debt-to-equity ratio of 127.17.
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 (EPS) for the quarter. Morgan Advanced Materials had a net margin of 1.85% and a return on equity of 5.79%. As a group, equities analysts predict that Morgan Advanced Materials will post 32.50 EPS for the current fiscal year.
About Morgan Advanced Materials
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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