Morgan Advanced Materials (LON:MGAM) Price Target Raised to GBX 400 at Peel Hunt
Morgan Advanced Materials (LON:MGAM) had its price target boosted by Peel Hunt from GBX 350 ($4.60) to GBX 400 ($5.26) in a report published on Wednesday, Stock Target Advisor reports. They currently have a buy rating on the stock.
Separately, Royal Bank of Canada lifted their target price on Morgan Advanced Materials from GBX 240 ($3.16) to GBX 280 ($3.68) and gave the company an underperform rating in a research note on Friday, January 17th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. Morgan Advanced Materials has a consensus rating of Buy and an average target price of GBX 327.86 ($4.31).
Shares of MGAM stock opened at GBX 304.40 ($4.00) on Wednesday. The business’s 50 day moving average is GBX 312.06 and its two-hundred day moving average is GBX 277.45. Morgan Advanced Materials has a twelve month low of GBX 228.92 ($3.01) and a twelve month high of GBX 339.40 ($4.46). The company has a market capitalization of $868.67 million and a P/E ratio of 15.69. The company has a current ratio of 1.43, a quick ratio of 0.91 and a debt-to-equity ratio of 116.38.
Morgan Advanced Materials plc operates as an advanced materials science and engineering company that focuses on ceramics, carbon, and composites primarily in the United Kingdom. The company offers high-temperature insulating fiber products, microporous products, firebricks, monolithic products, heat shields, fired refractory shapes, and structural block insulation products; crucibles, foundry products, and furnace industries furnace ranges; and seals and bearings, as well as general pump components, such as shafts, vanes, rotors, and washers.
Featured Story: Stocks at 52 Week High
Receive News & Ratings for Morgan Advanced Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Advanced Materials and related companies with MarketBeat.com's FREE daily email newsletter.