Morgan Advanced Materials PLC (MGAM) Receives Average Rating of “Hold” from Brokerages

Morgan Advanced Materials PLC (LON:MGAM) has been assigned a consensus recommendation of “Hold” from the ten analysts that are presently covering the company. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is GBX 328.90 ($4.14).

A number of equities research analysts recently commented on the stock. Jefferies Group LLC reiterated a “hold” rating and set a GBX 294 ($3.70) price target on shares of Morgan Advanced Materials PLC in a report on Friday, February 24th. Peel Hunt reissued a “buy” rating and set a GBX 415 ($5.22) price objective on shares of Morgan Advanced Materials PLC in a research report on Thursday, March 2nd. Numis Securities Ltd raised shares of Morgan Advanced Materials PLC to an “add” rating and set a GBX 360 ($4.53) price objective on the stock in a research report on Friday, February 24th. JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 300 ($3.78) price objective on shares of Morgan Advanced Materials PLC in a research report on Thursday, February 23rd. Finally, HSBC Holdings plc reissued a “buy” rating and set a GBX 375 ($4.72) price objective on shares of Morgan Advanced Materials PLC in a research report on Thursday, April 6th.

Morgan Advanced Materials PLC (LON:MGAM) traded up 0.06% on Friday, hitting GBX 326.10. 269,508 shares of the stock were exchanged. The company has a 50-day moving average price of GBX 315.96 and a 200 day moving average price of GBX 297.33. The company’s market capitalization is GBX 928.56 million. Morgan Advanced Materials PLC has a 1-year low of GBX 200.30 and a 1-year high of GBX 331.00.

The company also recently disclosed a dividend, which will be paid on Friday, May 26th. Investors of record on Thursday, May 4th will be given a dividend of GBX 7 ($0.09) per share. This represents a yield of 2.17%. This is an increase from Morgan Advanced Materials PLC’s previous dividend of $4.00. The ex-dividend date of this dividend is Thursday, May 4th.

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In other news, insider Helen Bunch acquired 925 shares of the business’s stock in a transaction that occurred on Monday, April 10th. The shares were bought at an average cost of GBX 320 ($4.03) per share, with a total value of £2,960 ($3,725.61).

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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