Morgan Advanced Materials PLC’s “Reduce” Rating Reaffirmed at Numis Securities Ltd (MGAM)
Morgan Advanced Materials PLC (LON:MGAM)‘s stock had its “reduce” rating restated by stock analysts at Numis Securities Ltd in a report issued on Friday. They currently have a GBX 300 ($5.11) price objective on the stock. Numis Securities Ltd’s target price suggests a potential downside of 8.45% from the company’s current price.
MGAM has been the subject of a number of other recent research reports. Analysts at Credit Suisse raised their price target on shares of Morgan Advanced Materials PLC from GBX 270 ($4.60) 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 ($5.88) price target on the stock. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. Morgan Advanced Materials PLC has an average rating of “Hold” and an average target price of GBX 347.22 ($5.91).
Morgan Advanced Materials PLC (LON:MGAM) opened at 320.30 on Friday. Morgan Advanced Materials PLC has a 52-week low of GBX 258.60 and a 52-week high of GBX 366.65. The stock’s 50-day moving average is GBX 342.8 and its 200-day moving average is GBX 314.1.
Morgan Advanced Materials plc is an advanced materials technology company that provides engineered solutions to its chosen markets.
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