Morgan Advanced Materials PLC Rating Reiterated by Credit Suisse (MGAM)
Morgan Advanced Materials PLC (LON:MGAM)‘s stock had its “underperform” rating reaffirmed by Credit Suisse in a research note issued on Friday. They currently have a GBX 310 ($5.22) target price on the stock. Credit Suisse’s price target suggests a potential downside of 3.43% from the company’s current price.
Morgan Advanced Materials PLC (LON:MGAM) traded down 1.29% on Friday, hitting GBX 321.00. The stock had a trading volume of 578,068 shares. Morgan Advanced Materials PLC has a 1-year low of GBX 280.00 and a 1-year high of GBX 366.65. The stock has a 50-day moving average of GBX 314.0 and a 200-day moving average of GBX 329.8.
The company also recently declared a dividend, which is scheduled for Friday, November 28th. Stockholders 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 other analysts have also recently weighed in 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 336.67 ($5.66).
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.