Morgan Advanced Materials PLC Given Consensus Recommendation of “Hold” by Analysts (LON:MGAM)
Morgan Advanced Materials PLC (LON:MGAM) has been given an average recommendation of “Hold” by the eleven analysts that are currently covering the stock, American Banking News.com reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is GBX 343.33 ($5.84).
Shares of Morgan Advanced Materials PLC (LON:MGAM) traded down 2.22% on Tuesday, hitting GBX 316.80. 110,732 shares of the company’s stock traded hands. Morgan Advanced Materials PLC has a 52 week low of GBX 248.40 and a 52 week 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.
A number of research firms have recently commented on MGAM. Analysts at Credit Suisse raised their price target on shares of Morgan Advanced Materials PLC from GBX 270 ($4.59) to GBX 310 ($5.28) in a research note on Monday, June 16th. They now have an “underperform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Morgan Advanced Materials PLC in a research note on Monday, June 9th. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Morgan Advanced Materials PLC in a research note on Tuesday, June 3rd. They now have a GBX 345 ($5.87) price target on the stock.
Morgan Advanced Materials plc is an advanced materials technology company that provides engineered solutions to its chosen markets.
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