Morgan Advanced Materials PLC’s (MGAM) Buy Rating Reaffirmed at Peel Hunt
A number of other equities research analysts have also recently commented on the company. Liberum Capital reissued a buy rating and set a GBX 380 ($5.00) price target on shares of Morgan Advanced Materials PLC in a report on Monday. HSBC Holdings plc reissued a buy rating and set a GBX 375 ($4.93) price target on shares of Morgan Advanced Materials PLC in a report on Friday, September 29th. Berenberg Bank assumed coverage on Morgan Advanced Materials PLC in a report on Wednesday, September 6th. They set a hold rating and a GBX 320 ($4.21) price target on the stock. Barclays PLC decreased their price target on Morgan Advanced Materials PLC from GBX 330 ($4.34) to GBX 325 ($4.27) and set an equal weight rating on the stock in a report on Thursday, August 17th. Finally, J P Morgan Chase & Co raised their price target on Morgan Advanced Materials PLC from GBX 300 ($3.95) to GBX 325 ($4.27) and gave the company a neutral rating in a report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of GBX 342.73 ($4.51).
Morgan Advanced Materials PLC (MGAM) traded down GBX 0.50 ($0.01) during trading hours on Monday, reaching GBX 320 ($4.21). The company’s stock had a trading volume of 378,266 shares, compared to its average volume of 323,722. Morgan Advanced Materials PLC has a twelve month low of GBX 255.40 ($3.36) and a twelve month high of GBX 338.40 ($4.45).
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About Morgan Advanced Materials PLC
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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