Morgan Advanced Materials PLC (MGAM) Given Average Recommendation of “Hold” by Analysts
Shares of Morgan Advanced Materials PLC (LON:MGAM) have been given an average recommendation of “Hold” by the eleven analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 341.82 ($4.60).
A number of brokerages have issued reports on MGAM. Barclays decreased their target price on shares of Morgan Advanced Materials from GBX 330 ($4.44) to GBX 325 ($4.37) and set an “equal weight” rating on the stock in a research report on Thursday, August 17th. Peel Hunt restated a “buy” rating and set a GBX 430 ($5.79) target price on shares of Morgan Advanced Materials in a research report on Tuesday, October 31st. Liberum Capital restated a “buy” rating and set a GBX 380 ($5.11) target price on shares of Morgan Advanced Materials in a research report on Monday, October 2nd. restated a “buy” rating and set a GBX 375 ($5.05) target price on shares of Morgan Advanced Materials in a research report on Friday, September 29th. Finally, Numis Securities restated a “hold” rating and set a GBX 350 ($4.71) target price on shares of Morgan Advanced Materials in a research report on Tuesday.
Morgan Advanced Materials (MGAM) traded up GBX 0.52 ($0.01) during trading on Friday, reaching GBX 322.90 ($4.35). 358,259 shares of the company’s stock traded hands, compared to its average volume of 398,274. 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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About Morgan Advanced Materials
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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