Morgan Advanced Materials Rating Reiterated by Citigroup Inc. (MGAM)
Morgan Advanced Materials (LON:MGAM)‘s stock had its “buy” rating restated by stock analysts at Citigroup Inc. in a report issued on Wednesday, AnalystRatings.Net reports. They currently have a GBX 345 ($5.57) price objective on the stock. Citigroup Inc.’s price objective would suggest a potential upside of 11.29% from the stock’s previous close.
Morgan Advanced Materials (LON:MGAM) traded up 0.84% during mid-day trading on Wednesday, hitting GBX 312.60. The stock had a trading volume of 101,061 shares. Morgan Advanced Materials has a 52-week low of GBX 220.00 and a 52-week high of GBX 325.00. The stock has a 50-day moving average of GBX 0. and a 200-day moving average of GBX 0..
Several other analysts have also recently commented on the stock. Analysts at Investec raised their price target on shares of Morgan Advanced Materials (LON:MGAM) from GBX 380 ($6.13) to GBX 410 ($6.62) in a research note to investors on Wednesday, September 18th. They now have a “buy” rating 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 ($5.57) price target on the stock, up previously from GBX 320 ($5.16). Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Morgan Advanced Materials (LON:MGAM) from GBX 325 ($5.24) to GBX 335 ($5.40) in a research note to investors on Thursday, July 25th. They now have an “overweight” rating on the stock. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of GBX 318.13 ($5.13).
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.
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