Morgan Advanced Materials PLC (MGAM) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Morgan Advanced Materials PLC (LON:MGAM) have been given an average recommendation of “Hold” by the eleven analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is GBX 342.73 ($4.62).
Several analysts have issued reports on the company. Peel Hunt upped their target price on Morgan Advanced Materials PLC from GBX 415 ($5.60) to GBX 430 ($5.80) and gave the company a “buy” rating in a report on Friday, August 25th. Barclays PLC dropped their target price on Morgan Advanced Materials PLC from GBX 330 ($4.45) to GBX 325 ($4.38) and set an “equal weight” rating for the company in a report on Thursday, August 17th. J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 300 ($4.04) target price on shares of Morgan Advanced Materials PLC in a report on Friday, June 30th. Berenberg Bank initiated coverage on Morgan Advanced Materials PLC in a report on Wednesday, September 6th. They set a “hold” rating and a GBX 320 ($4.31) price target for the company. Finally, Liberum Capital reiterated a “buy” rating and set a GBX 380 ($5.12) price target on shares of Morgan Advanced Materials PLC in a report on Friday, July 28th.
Morgan Advanced Materials PLC (LON:MGAM) traded up 0.70% on Friday, reaching GBX 300.90. 129,909 shares of the company’s stock traded hands. Morgan Advanced Materials PLC has a 52 week low of GBX 255.40 and a 52 week high of GBX 338.40. The stock’s market capitalization is GBX 857.01 million. The firm has a 50-day moving average price of GBX 297.15 and a 200-day moving average price of GBX 303.25.
The firm also recently declared a dividend, which will be paid on Friday, November 24th. Stockholders of record on Thursday, November 2nd will be issued a dividend of GBX 4 ($0.05) per share. This represents a dividend yield of 1.35%. The ex-dividend date is Thursday, November 2nd.
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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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