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Equities research analysts at Berenberg Bank initiated coverage on shares of Morgan Advanced Materials (LON:MGAM) in a research note issued to investors on Friday, StockRatingsNetwork reports. The firm set a “buy” rating and a GBX 370 ($6.07) price target on the stock. Berenberg Bank’s target price would suggest a potential upside of 14.20% from the company’s current price.

A number of other firms have also recently commented on MGAM. Analysts at Credit Suisse reiterated an “underperform” rating on shares of Morgan Advanced Materials in a research note to investors on Thursday, December 12th. They now have a GBX 270 ($4.43) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Morgan Advanced Materials in a research note to investors on Wednesday, December 4th. They now have a GBX 345 ($5.66) price target on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Morgan Advanced Materials in a research note to investors on Monday, November 25th. They now have a GBX 340 ($5.58) price target on the stock. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. Morgan Advanced Materials currently has a consensus rating of “Hold” and a consensus target price of GBX 311.67 ($5.11).

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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