Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Morgan Advanced Materials (LON:MGAM) Stock

Morgan Advanced Materials (LON:MGAM) had its price target upped by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 210 to GBX 235 in a research report issued to clients and investors on Wednesday,London Stock Exchange reports. The brokerage currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential downside of 0.84% from the company’s current price.

Separately, Jefferies Financial Group restated a “hold” rating and set a GBX 230 target price on shares of Morgan Advanced Materials in a report on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Morgan Advanced Materials has an average rating of “Hold” and an average price target of GBX 235.

Morgan Advanced Materials Stock Down 0.2%

MGAM opened at GBX 237 on Wednesday. Morgan Advanced Materials has a 1 year low of GBX 179.80 and a 1 year high of GBX 261. The firm has a 50 day moving average price of GBX 226.50 and a 200 day moving average price of GBX 221.91. The company has a debt-to-equity ratio of 127.17, a quick ratio of 1.26 and a current ratio of 1.36. The company has a market cap of £655.10 million, a PE ratio of 31.60, a price-to-earnings-growth ratio of 0.51 and a beta of 1.22.

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

Morgan Advanced Materials Company Profile

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.