Morgan Advanced Materials PLC Receives Average Recommendation of “Hold” from Brokerages (LON:MGAM)
Morgan Advanced Materials PLC (LON:MGAM) has received an average recommendation of “Hold” from the eleven brokerages that are currently covering the stock, Analyst Ratings.Net reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is GBX 341 ($5.74).
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Morgan Advanced Materials PLC in a research note on Monday. They now have a GBX 350 ($5.90) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Morgan Advanced Materials PLC in a research note on Friday, May 9th. They now have a GBX 400 ($6.74) price target on the stock. Finally, analysts at Investec cut their price target on shares of Morgan Advanced Materials PLC from GBX 415 ($6.99) to GBX 395 ($6.65) in a research note on Friday, May 9th. They now have a “buy” rating on the stock.
Shares of Morgan Advanced Materials PLC (LON:MGAM) traded down 2.29% on Friday, hitting GBX 320.70. The stock had a trading volume of 271,084 shares. Morgan Advanced Materials PLC has a 1-year low of GBX 248.40 and a 1-year high of GBX 366.65. The stock has a 50-day moving average of GBX 342.8 and a 200-day moving average of GBX 314.1.
Morgan Advanced Materials PLC is engaged in designing, manufacturing and marketing primarily carbon and ceramic components for applications in a range of markets.
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