Morgan Advanced Materials Price Target Raised to GBX 405 at Investec (MGAM)
Research analysts at Investec lifted their target price on shares of Morgan Advanced Materials (LON:MGAM) from GBX 390 ($6.43) to GBX 405 ($6.67) in a report released on Monday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Investec’s price objective would indicate a potential upside of 25.00% from the company’s current price.
Shares of Morgan Advanced Materials (LON:MGAM) opened at 325.30 on Monday. Morgan Advanced Materials has a 52-week low of GBX 238.865 and a 52-week high of GBX 327.00. The stock has a 50-day moving average of GBX 300.8 and a 200-day moving average of GBX 299..
MGAM has been the subject of a number of other recent research reports. Analysts at Berenberg Bank initiated coverage on shares of Morgan Advanced Materials in a research note to investors on Friday. They set a “buy” rating and a GBX 370 ($6.10) price target on the stock. Separately, 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 ($4.45) price target on the stock. Finally, 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 ($5.69) price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. Morgan Advanced Materials has a consensus rating of “Hold” and an average target price of GBX 323.89 ($5.34).
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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