Morgan Advanced Materials PLC (LON:MGAM) Given Average Recommendation of “Buy” by Brokerages

Morgan Advanced Materials PLC (LON:MGAM) has received a consensus rating of “Buy” from the seven brokerages that are currently covering the firm, reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is GBX 310.83 ($4.06).

MGAM has been the topic of several research reports. Berenberg Bank reissued a “buy” rating and set a GBX 330 ($4.31) price target on shares of Morgan Advanced Materials in a research report on Tuesday, August 20th. Jefferies Financial Group raised Morgan Advanced Materials to a “buy” rating and dropped their target price for the stock from GBX 365 ($4.77) to GBX 320 ($4.18) in a research report on Wednesday, July 24th. Finally, Peel Hunt reaffirmed a “buy” rating on shares of Morgan Advanced Materials in a research report on Monday, July 22nd.

Shares of MGAM stock traded up GBX 1.60 ($0.02) on Thursday, hitting GBX 253.40 ($3.31). 212,448 shares of the stock traded hands, compared to its average volume of 413,500. The company has a debt-to-equity ratio of 116.38, a current ratio of 1.43 and a quick ratio of 0.91. The company has a market capitalization of $723.13 million and a PE ratio of 13.06. Morgan Advanced Materials has a 1-year low of GBX 233.80 ($3.06) and a 1-year high of GBX 345.80 ($4.52). The company’s fifty day moving average is GBX 253.06 and its 200 day moving average is GBX 260.50.

The business also recently announced a dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, October 31st will be given a GBX 4 ($0.05) dividend. This represents a yield of 1.54%. The ex-dividend date is Thursday, October 31st. Morgan Advanced Materials’s dividend payout ratio is presently 0.57%.

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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