Morgan Advanced Materials (LON:MGAM)‘s stock had its “buy” rating restated by equities researchers at Berenberg Bank in a research report issued on Tuesday, Digital Look reports. They currently have a GBX 330 ($4.31) price target on the stock. Berenberg Bank’s target price indicates a potential upside of 32.74% from the stock’s current price.
A number of other analysts have also recently commented on MGAM. Peel Hunt reaffirmed a “buy” rating on shares of Morgan Advanced Materials in a research report on Monday, July 22nd. Jefferies Financial Group raised shares of Morgan Advanced Materials to a “buy” rating and cut their price target for the company from GBX 365 ($4.77) to GBX 320 ($4.18) in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. Morgan Advanced Materials currently has an average rating of “Buy” and a consensus target price of GBX 316.43 ($4.13).
Shares of MGAM opened at GBX 248.60 ($3.25) on Tuesday. The company has a current ratio of 1.43, a quick ratio of 0.91 and a debt-to-equity ratio of 116.38. The stock has a market capitalization of $709.43 million and a P/E ratio of 12.81. The firm’s fifty day simple moving average is GBX 255.22 and its two-hundred day simple moving average is GBX 262.23. Morgan Advanced Materials has a 12 month low of GBX 233.80 ($3.06) and a 12 month high of GBX 360 ($4.70).
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.
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