Investec Increases Morgan Advanced Materials Price Target to GBX 410 (MGAM)
Equities research analysts at Investec lifted their price objective on shares of Morgan Advanced Materials (LON:MGAM) from GBX 405 ($6.64) to GBX 410 ($6.73) in a research note issued to investors on Thursday, Analyst Ratings Network reports. The firm currently has a “buy” rating on the stock. Investec’s price target points to a potential upside of 30.37% from the company’s current price.
A number of other analysts have also recently weighed in on MGAM. Analysts at Numis Securities Ltd reiterated a “reduce” rating on shares of Morgan Advanced Materials in a research note on Wednesday. They now have a GBX 265 ($4.35) price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Morgan Advanced Materials from GBX 340 ($5.58) to GBX 360 ($5.91) in a research note on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity initiated coverage on shares of Morgan Advanced Materials in a research note on Monday, February 3rd. They set a “buy” rating and a GBX 400 ($6.56) price target on the stock. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. Morgan Advanced Materials currently has a consensus rating of “Hold” and a consensus price target of GBX 331 ($5.43).
Morgan Advanced Materials (LON:MGAM) opened at 316.50 on Thursday. Morgan Advanced Materials has a 52 week low of GBX 238.865 and a 52 week high of GBX 340.70. The stock’s 50-day moving average is GBX 315.7 and its 200-day moving average is GBX 305.5.
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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