Morgan Advanced Materials (LON:MGAM)‘s stock had its “hold” rating reiterated by Numis Securities in a research report issued to clients and investors on Tuesday. They currently have a GBX 350 ($4.71) price objective on the stock. Numis Securities’ target price suggests a potential upside of 10.38% from the company’s current price.
Several other brokerages have also recently issued reports on MGAM. Peel Hunt restated a “buy” rating and issued a GBX 430 ($5.79) target price on shares of Morgan Advanced Materials in a report on Monday, November 6th. Liberum Capital restated a “buy” rating and issued a GBX 380 ($5.11) target price on shares of Morgan Advanced Materials in a report on Monday, November 6th. Berenberg Bank assumed coverage on shares of Morgan Advanced Materials in a report on Wednesday, September 6th. They issued a “hold” rating and a GBX 320 ($4.31) target price on the stock. Barclays dropped their price target on shares of Morgan Advanced Materials from GBX 330 ($4.44) to GBX 325 ($4.37) and set an “equal weight” rating on the stock in a research note on Thursday, August 17th. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 325 ($4.37) price target on shares of Morgan Advanced Materials in a research note on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of GBX 341.82 ($4.60).
Shares of Morgan Advanced Materials (LON:MGAM) opened at GBX 317.10 ($4.27) on Tuesday. Morgan Advanced Materials has a 12-month low of GBX 277.20 ($3.73) and a 12-month high of GBX 338.40 ($4.55).
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About Morgan Advanced Materials
Morgan Advanced Materials plc, formerly The Morgan Crucible Company plc, is a United Kingdom-based engineering company. The Company is engaged in advanced materials science and engineering of ceramics, carbon and composites. The Company’s segments include North America, Europe and Asia/Rest of World.
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