Morgan Advanced Materials PLC Coverage Initiated at UBS AG (MGAM)
Analysts at UBS AG started coverage on shares of Morgan Advanced Materials PLC (LON:MGAM) in a research report issued to clients and investors on Friday, StockRatingsNetwork.com reports. The firm set a “buy” rating and a GBX 370 ($6.20) price target on the stock. UBS AG’s price objective would suggest a potential upside of 8.64% from the company’s current price.
Shares of Morgan Advanced Materials PLC (LON:MGAM) opened at 340.5706 on Friday. Morgan Advanced Materials PLC has a 1-year low of GBX 238.865 and a 1-year high of GBX 342.90. The stock’s 50-day moving average is GBX 319.1 and its 200-day moving average is GBX 306.5.
The company also recently declared a dividend, which is scheduled for Friday, May 30th. Stockholders of record on Wednesday, May 14th will be given a dividend of GBX 6.70 ($0.11) per share. This represents a yield of 2.02%. The ex-dividend date of this dividend is Wednesday, May 14th.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Morgan Advanced Materials PLC from GBX 360 ($6.03) to GBX 370 ($6.20) in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Morgan Advanced Materials PLC in a research note on Friday, February 14th. They now have a GBX 345 ($5.78) price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Morgan Advanced Materials PLC from GBX 330 ($5.53) to GBX 350 ($5.87) in a research note on Friday, February 14th. They now have an “overweight” rating on the stock. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 336.82 ($5.64).
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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