Liberum Capital Increases Morgan Advanced Materials (MGAM) Price Target to GBX 415

Morgan Advanced Materials (LON:MGAM) had its target price upped by stock analysts at Liberum Capital from GBX 380 ($5.15) to GBX 415 ($5.63) in a research report issued to clients and investors on Friday. The brokerage presently has a “buy” rating on the stock. Liberum Capital’s price target would suggest a potential upside of 19.53% from the company’s current price.

A number of other equities research analysts have also recently weighed in on MGAM. restated a “buy” rating and set a GBX 375 ($5.09) price objective on shares of Morgan Advanced Materials in a research note on Friday, September 29th. Peel Hunt restated a “buy” rating and set a GBX 430 ($5.83) price objective on shares of Morgan Advanced Materials in a research note on Tuesday, October 31st. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 325 ($4.41) price objective on shares of Morgan Advanced Materials in a research note on Tuesday, November 7th. Numis Securities reaffirmed a “hold” rating and set a GBX 350 ($4.75) target price on shares of Morgan Advanced Materials in a research report on Tuesday, December 5th. Finally, Barclays upped their target price on Morgan Advanced Materials from GBX 325 ($4.41) to GBX 330 ($4.48) and gave the company an “equal weight” rating in a research report on Monday, December 18th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of GBX 352 ($4.77).

Shares of Morgan Advanced Materials (MGAM) traded up GBX 1.20 ($0.02) during midday trading on Friday, hitting GBX 347.20 ($4.71). The company had a trading volume of 156,448 shares, compared to its average volume of 297,700. The stock has a market cap of $990.80 and a PE ratio of 992.00. Morgan Advanced Materials has a 1 year low of GBX 277.20 ($3.76) and a 1 year high of GBX 349.40 ($4.74).

In other news, insider Pete Raby sold 26,967 shares of the stock in a transaction dated Friday, December 29th. The stock was sold at an average price of GBX 334 ($4.53), for a total value of £90,069.78 ($122,145.08).

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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.

Analyst Recommendations for Morgan Advanced Materials (LON:MGAM)

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