Jefferies Group Boosts Morgan Advanced Materials PLC (MGAM) Price Target to GBX 294
Morgan Advanced Materials PLC (LON:MGAM) had its price objective upped by research analysts at Jefferies Group from GBX 243 ($3.17) to GBX 294 ($3.84) in a research report issued to clients and investors on Thursday. The firm presently has a “hold” rating on the stock. Jefferies Group’s price objective points to a potential upside of 3.27% from the stock’s previous close.
Several other analysts have also recently commented on MGAM. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 235 ($3.07) target price on shares of Morgan Advanced Materials PLC in a research report on Wednesday, June 15th. HSBC restated a “buy” rating and issued a GBX 270 ($3.52) price objective on shares of Morgan Advanced Materials PLC in a research report on Thursday, June 30th. Liberum Capital restated a “buy” rating and issued a GBX 290 ($3.79) price objective on shares of Morgan Advanced Materials PLC in a research report on Wednesday, July 27th. Citigroup Inc. restated a “neutral” rating and issued a GBX 265 ($3.46) price objective on shares of Morgan Advanced Materials PLC in a research report on Thursday, July 28th. Finally, Numis Securities Ltd restated a “hold” rating and issued a GBX 295 ($3.85) price objective on shares of Morgan Advanced Materials PLC in a research report on Thursday, July 28th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 266.92 ($3.48).
Shares of Morgan Advanced Materials PLC (LON:MGAM) opened at 290.70 on Thursday. The company’s 50-day moving average price is GBX 287.62 and its 200-day moving average price is GBX 250.56. Morgan Advanced Materials PLC has a 52-week low of GBX 187.50 and a 52-week high of GBX 311.93. The firm’s market cap is GBX 827.91 million.
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The business also recently declared a dividend, which will be paid on Friday, November 25th. Shareholders of record on Thursday, November 3rd will be issued a GBX 4 ($0.05) dividend. The ex-dividend date is Thursday, November 3rd. This represents a yield of 1.45%.
About Morgan Advanced Materials PLC
Morgan Advanced Materials plc, formerly The Morgan Crucible Company plc, is a United Kingdom-based engineering company. The Company is engaged in advanced materials science and engineering of ceramics, carbon and composites. The Company’s segments include North America, Europe and Asia/Rest of World.
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