Morgan Advanced Materials PLC (MGAM) Receives Consensus Rating of “Hold” from Analysts
Shares of Morgan Advanced Materials PLC (LON:MGAM) have received a consensus recommendation of “Hold” from the twelve ratings firms that are covering the company. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is GBX 266.92 ($3.25).
MGAM has been the subject of several research reports. JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 255 ($3.11) price objective on shares of Morgan Advanced Materials PLC in a research note on Monday, August 22nd. Jefferies Group boosted their price objective on Morgan Advanced Materials PLC from GBX 243 ($2.96) to GBX 294 ($3.58) and gave the stock a “hold” rating in a research note on Thursday, September 22nd. HSBC reiterated a “buy” rating and set a GBX 270 ($3.29) price objective on shares of Morgan Advanced Materials PLC in a research note on Thursday, June 30th. Numis Securities Ltd reiterated a “hold” rating and set a GBX 295 ($3.60) price objective on shares of Morgan Advanced Materials PLC in a research note on Thursday, July 28th. Finally, Liberum Capital boosted their price objective on Morgan Advanced Materials PLC from GBX 290 ($3.53) to GBX 305 ($3.72) and gave the stock a “buy” rating in a research note on Tuesday, August 2nd.
Morgan Advanced Materials PLC (LON:MGAM) traded down 2.82% during trading on Wednesday, hitting GBX 289.10. The stock had a trading volume of 534,347 shares. The stock’s market cap is GBX 823.35 million. Morgan Advanced Materials PLC has a 12 month low of GBX 187.50 and a 12 month high of GBX 310.80. The stock has a 50 day moving average price of GBX 291.45 and a 200-day moving average price of GBX 258.41.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/19/morgan-advanced-materials-plc-mgam-receives-consensus-rating-of-hold-from-analysts.html
The firm also recently disclosed a dividend, which will be paid on Friday, November 25th. Investors of record on Thursday, November 3rd will be issued a GBX 4 ($0.05) dividend. This represents a yield of 1.45%. The ex-dividend date is Thursday, November 3rd.
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.
Receive News & Ratings for Morgan Advanced Materials PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Advanced Materials PLC and related companies with MarketBeat.com's FREE daily email newsletter.