Morgan Advanced Materials (MGAM) Earns Hold Rating from Numis Securities
Morgan Advanced Materials (LON:MGAM)‘s stock had its “hold” rating reiterated by equities research analysts at Numis Securities in a note issued to investors on Tuesday. They presently have a GBX 350 ($4.71) target price on the stock. Numis Securities’ price target points to a potential upside of 9.51% from the company’s previous close.
A number of other research analysts also recently issued reports on the company. Liberum Capital reiterated a “buy” rating and set a GBX 380 ($5.11) price objective on shares of Morgan Advanced Materials in a research note on Monday, November 20th. J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 325 ($4.37) price objective on shares of Morgan Advanced Materials in a research note on Tuesday, November 7th. Peel Hunt reiterated a “buy” rating and set a GBX 430 ($5.79) price objective on shares of Morgan Advanced Materials in a research note on Monday, November 6th. reiterated a “buy” rating and set a GBX 375 ($5.05) price objective on shares of Morgan Advanced Materials in a research note on Friday, September 29th. Finally, Berenberg Bank assumed coverage on Morgan Advanced Materials in a research note on Wednesday, September 6th. They set a “hold” rating and a GBX 320 ($4.31) price objective for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Morgan Advanced Materials has a consensus rating of “Hold” and a consensus target price of GBX 341.82 ($4.60).
Shares of Morgan Advanced Materials (LON MGAM) traded up GBX 1.20 ($0.02) during trading hours on Tuesday, hitting GBX 319.60 ($4.30). The company had a trading volume of 385,479 shares, compared to its average volume of 412,839. Morgan Advanced Materials has a 52 week low of GBX 277.20 ($3.73) and a 52 week high of GBX 338.40 ($4.55).
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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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