Morgan Advanced Materials (LON:MGAM) Given “Sector Perform” Rating at Royal Bank Of Canada

Morgan Advanced Materials (LON:MGAM)‘s stock had its “sector perform” rating reaffirmed by analysts at Royal Bank Of Canada in a report issued on Friday, London Stock Exchange reports. They currently have a GBX 250 price objective on the stock. Royal Bank Of Canada’s price objective would indicate a potential downside of 0.10% from the stock’s previous close.

Several other equities analysts also recently commented on MGAM. Berenberg Bank reiterated a “buy” rating and issued a GBX 280 target price on shares of Morgan Advanced Materials in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upped their price objective on Morgan Advanced Materials from GBX 210 to GBX 235 and gave the company a “hold” rating in a research note on Wednesday, August 19th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of GBX 246.

Morgan Advanced Materials Stock Performance

LON MGAM opened at GBX 250.24 on Friday. The firm’s fifty day moving average price is GBX 235.26 and its two-hundred day moving average price is GBX 222.27. The stock has a market cap of £691.71 million, a PE ratio of 37.92, a PEG ratio of 0.51 and a beta of 1.22. The company has a debt-to-equity ratio of 127.17, a quick ratio of 1.26 and a current ratio of 1.36. Morgan Advanced Materials has a fifty-two week low of GBX 179.80 and a fifty-two week high of GBX 261.

Morgan Advanced Materials (LON:MGAM) last released its quarterly earnings data on Friday, August 7th. The company reported GBX 10.70 earnings per share for the quarter. Morgan Advanced Materials had a return on equity of 5.79% and a net margin of 1.85%. On average, equities analysts expect that Morgan Advanced Materials will post 32.5 EPS for the current fiscal year.

About Morgan Advanced Materials

Morgan Advanced Materials plc operates as a materials science and application engineering company primarily the United Kingdom. It serves customers in the industrial, transportation, petrochemical and chemical, energy, semiconductor and electronics, healthcare, and security and defense markets. The company was formerly known as The Morgan Crucible Company plc and changed its name to Morgan Advanced Materials plc in March 2013. Morgan Advanced Materials plc was founded in 1856 and is headquartered in Windsor, the United Kingdom.