Morgan Advanced Materials (LON:MGAM) Rating Reiterated by Berenberg Bank

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).

About Morgan Advanced Materials

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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Analyst Recommendations for Morgan Advanced Materials (LON:MGAM)

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