Morgan Advanced Materials PLC Receives Consensus Rating of “Hold” from Brokerages (LON:MGAM)
Morgan Advanced Materials PLC (LON:MGAM) has earned a consensus recommendation of “Hold” from the ten analysts that are covering the stock, Analyst Ratings News reports. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is GBX 336.67 ($5.66).
Shares of Morgan Advanced Materials PLC (LON:MGAM) opened at 320.00 on Tuesday. Morgan Advanced Materials PLC has a 52 week low of GBX 280.00 and a 52 week high of GBX 366.65. The stock has a 50-day moving average of GBX 314.2 and a 200-day moving average of GBX 330.0.
The company also recently declared a dividend, which is scheduled for Friday, November 28th. Shareholders of record on Thursday, November 6th will be given a dividend of GBX 3.90 ($0.07) per share. This represents a yield of 1.24%. The ex-dividend date of this dividend is Thursday, November 6th.
A number of research firms have recently commented on MGAM. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Morgan Advanced Materials PLC in a research note on Tuesday. They now have a GBX 340 ($5.72) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Morgan Advanced Materials PLC in a research note on Thursday, July 24th. They now have a GBX 325 ($5.47) price target on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Morgan Advanced Materials PLC from GBX 4,000 ($67.31) to GBX 400 ($6.73) in a research note on Wednesday, July 23rd. They now have a “buy” rating 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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