Morgan Advanced Materials PLC’s Underperform Rating Reaffirmed at Credit Suisse (MGAM)
Morgan Advanced Materials PLC (LON:MGAM)‘s stock had its “underperform” rating reiterated by stock analysts at Credit Suisse in a report issued on Tuesday. They currently have a GBX 310 ($5.30) target price on the stock. Credit Suisse’s price objective suggests a potential upside of 3.06% from the stock’s previous close.
Morgan Advanced Materials PLC (LON:MGAM) traded up 0.27% during mid-day trading on Tuesday, hitting GBX 300.80. 658,696 shares of the company’s stock traded hands. Morgan Advanced Materials PLC has a 52 week low of GBX 280.00 and a 52 week high of GBX 366.65. The stock’s 50-day moving average is GBX 321.8 and its 200-day moving average is GBX 330.7.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group downgraded shares of Morgan Advanced Materials PLC to a “hold” rating in a research note on Tuesday. They now have a GBX 320 ($5.47) price target on the stock, down previously from GBX 360 ($6.15). Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Morgan Advanced Materials PLC in a research note on Friday. They now have a GBX 345 ($5.90) price target on the stock. Finally, analysts at Numis Securities Ltd upgraded shares of Morgan Advanced Materials PLC to a “hold” rating in a research note on Tuesday, July 15th. They now have a GBX 300 ($5.13) price target on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. Morgan Advanced Materials PLC has a consensus rating of “Hold” and a consensus target price of GBX 339.44 ($5.80).
Morgan Advanced Materials plc is an advanced materials technology company that provides engineered solutions to its chosen markets.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.