Morgan Advanced Materials PLC (MGAM) Receives Consensus Rating of “Hold” from Analysts
Morgan Advanced Materials PLC (LON:MGAM) has been assigned an average recommendation of “Hold” from the eight research firms that are currently covering the stock. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 346.88 ($4.51).
A number of equities research analysts recently weighed in on MGAM shares. Jefferies Group LLC boosted their price target on shares of Morgan Advanced Materials PLC from GBX 294 ($3.82) to GBX 335 ($4.36) and gave the stock a “hold” rating in a research note on Monday, March 27th. HSBC Holdings plc reissued a “buy” rating and set a GBX 375 ($4.88) price target on shares of Morgan Advanced Materials PLC in a research note on Thursday, April 6th. Liberum Capital boosted their price target on shares of Morgan Advanced Materials PLC from GBX 305 ($3.97) to GBX 380 ($4.94) and gave the stock a “buy” rating in a research note on Wednesday, April 12th. Citigroup Inc reissued a “neutral” rating and set a GBX 330 ($4.29) price target on shares of Morgan Advanced Materials PLC in a research note on Tuesday, April 4th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 300 ($3.90) price target on shares of Morgan Advanced Materials PLC in a research note on Thursday, February 23rd.
Morgan Advanced Materials PLC (LON:MGAM) traded up 0.03% on Monday, reaching GBX 299.70. 470,509 shares of the company’s stock traded hands. The firm’s market capitalization is GBX 853.38 million. Morgan Advanced Materials PLC has a 52-week low of GBX 200.30 and a 52-week high of GBX 338.40. The firm’s 50 day moving average price is GBX 319.26 and its 200 day moving average price is GBX 301.25.
The company also recently announced a dividend, which will be paid on Friday, May 26th. Shareholders of record on Thursday, May 4th will be paid a GBX 7 ($0.09) dividend. This represents a yield of 2.17%. The ex-dividend date is Thursday, May 4th. This is an increase from Morgan Advanced Materials PLC’s previous dividend of $4.00.
In other news, insider Helen Bunch bought 925 shares of the stock in a transaction on Monday, April 10th. The stock was purchased at an average price of GBX 320 ($4.16) per share, with a total value of £2,960 ($3,850.66).
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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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