Berenberg Bank reiterated their buy rating on shares of Morgan Advanced Materials (LON:MGAM – Free Report) in a report published on Friday morning, MarketBeat reports. They currently have a GBX 250 target price on the stock.
Several other research analysts have also recently weighed in on the company. Deutsche Bank Aktiengesellschaft decreased their price target on Morgan Advanced Materials from GBX 250 to GBX 235 and set a “hold” rating for the company in a research note on Friday, September 5th. Citigroup dropped their target price on shares of Morgan Advanced Materials from GBX 265 to GBX 240 and set a “buy” rating on the stock in a report on Friday, August 8th. Finally, Royal Bank Of Canada cut Morgan Advanced Materials to a “sector perform” rating and lowered their price target for the company from GBX 250 to GBX 210 in a report on Tuesday, November 25th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Morgan Advanced Materials has a consensus rating of “Moderate Buy” and an average target price of GBX 233.75.
View Our Latest Analysis on Morgan Advanced Materials
Morgan Advanced Materials Stock Performance
About Morgan Advanced Materials
Morgan Advanced Materials plc operates as a materials science and application engineering company primarily the United Kingdom. It serves customers in the industrial, transportation, petrochemical and chemical, energy, semiconductor and electronics, healthcare, and security and defense markets. The company was formerly known as The Morgan Crucible Company plc and changed its name to Morgan Advanced Materials plc in March 2013.
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