Morgan Advanced Materials PLC Receives Consensus Rating of “Hold” from Brokerages (LON:MGAM)
Morgan Advanced Materials PLC (LON:MGAM) has received a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the stock, Analyst Ratings Network reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is GBX 336.67 ($5.66).
A number of analysts have recently weighed in on MGAM shares. Analysts at Credit Suisse reiterated an “underperform” rating on shares of Morgan Advanced Materials PLC in a research note on Friday. They now have a GBX 310 ($5.22) price target on the stock. Separately, 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. Finally, 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.
Shares of Morgan Advanced Materials PLC (LON:MGAM) opened at 321.00 on Tuesday. Morgan Advanced Materials PLC has a one year low of GBX 280.00 and a one 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 announced a dividend, which is scheduled for Friday, November 28th. Investors of record on Thursday, November 6th will be paid a dividend of GBX 3.90 ($0.07) per share. This represents a dividend yield of 1.24%. The ex-dividend date is Thursday, November 6th.
Morgan Advanced Materials plc is an advanced materials technology company that provides engineered solutions to its chosen markets.
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