Peel Hunt Boosts Morgan Advanced Materials PLC (MGAM) Price Target to GBX 430
Morgan Advanced Materials PLC (LON:MGAM) had its price objective boosted by Peel Hunt from GBX 415 ($5.39) to GBX 430 ($5.58) in a report published on Friday. The brokerage currently has a buy rating on the stock.
A number of other equities research analysts have also recently commented on MGAM. Barclays PLC reduced their price objective on Morgan Advanced Materials PLC from GBX 330 ($4.28) to GBX 325 ($4.22) and set an equal weight rating for the company in a research note on Thursday, August 17th. J P Morgan Chase & Co reissued a neutral rating and issued a GBX 300 ($3.89) price objective on shares of Morgan Advanced Materials PLC in a research note on Friday, June 30th. Liberum Capital reissued a buy rating and issued a GBX 380 ($4.93) price objective on shares of Morgan Advanced Materials PLC in a research note on Friday, July 28th. Finally, Jefferies Group LLC reduced their price objective on Morgan Advanced Materials PLC from GBX 335 ($4.35) to GBX 325 ($4.22) and set a hold rating for the company in a research note on Tuesday, May 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of GBX 345 ($4.48).
Shares of Morgan Advanced Materials PLC (LON:MGAM) opened at 300.00 on Friday. The stock has a 50 day moving average of GBX 295.38 and a 200-day moving average of GBX 304.38. The stock’s market capitalization is GBX 854.44 million. Morgan Advanced Materials PLC has a 52-week low of GBX 255.40 and a 52-week high of GBX 338.40.
The business also recently announced a dividend, which will be paid on Friday, November 24th. Investors of record on Thursday, November 2nd will be given a dividend of GBX 4 ($0.05) per share. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a dividend yield of 1.35%.
Morgan Advanced Materials PLC Company Profile
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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