Investec Increases Morgan Advanced Materials Price Target to GBX 410 (MGAM)
Analysts at Investec raised their price objective on shares of Morgan Advanced Materials (LON:MGAM) from GBX 380 ($6.03) to GBX 410 ($6.51) in a research report issued to clients and investors on Wednesday, Analyst Ratings Network reports. The firm currently has a “buy” rating on the stock. Investec’s target price would suggest a potential upside of 31.92% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Morgan Advanced Materials (LON:MGAM) in a research note to investors on Monday, August 5th. They now have a GBX 345 ($5.48) price target on the stock. Separately, analysts at Jefferies Group upgraded shares of Morgan Advanced Materials (LON:MGAM) from a “hold” rating to a “buy” rating in a research note to investors on Thursday, July 25th. They now have a GBX 345 ($5.48) price target on the stock, up previously from GBX 320 ($5.08). Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Morgan Advanced Materials (LON:MGAM) from GBX 325 ($5.16) to GBX 335 ($5.32) in a research note to investors on Thursday, July 25th. They now have an “overweight” rating on the stock.
Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 318.13 ($5.05).
Shares of Morgan Advanced Materials (LON:MGAM) traded down 0.42% on Wednesday, hitting GBX 309.50. 112,321 shares of the company’s stock traded hands. The stock has a 50-day moving average of GBX 0. and a 200-day moving average of GBX 0..
Morgan Advanced Materials PLC, formerly The Morgan Crucible Company plc, designs, manufactures and markets primarily carbon and ceramic components for applications in a range of markets.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.