Peel Hunt restated their buy rating on shares of Morgan Advanced Materials (LON:MGAM) in a research note released on Friday.
Several other equities research analysts have also recently commented on the stock. Jefferies Financial Group reiterated a hold rating on shares of Morgan Advanced Materials in a research report on Wednesday, September 5th. Berenberg Bank upgraded shares of Morgan Advanced Materials to a buy rating and lifted their price target for the stock from GBX 330 ($4.31) to GBX 420 ($5.49) in a research report on Monday, August 6th. Numis Securities reiterated an add rating and set a GBX 395 ($5.16) price target on shares of Morgan Advanced Materials in a research report on Friday, July 27th. Finally, JPMorgan Chase & Co. upgraded shares of Morgan Advanced Materials to an overweight rating and lifted their price target for the stock from GBX 345 ($4.51) to GBX 390 ($5.10) in a research report on Tuesday, July 17th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Morgan Advanced Materials has a consensus rating of Buy and an average price target of GBX 388.13 ($5.07).
Shares of LON:MGAM traded down GBX 1.80 ($0.02) during trading on Friday, hitting GBX 273.40 ($3.57). 727,111 shares of the company’s stock were exchanged, compared to its average volume of 413,500. Morgan Advanced Materials has a 1-year low of GBX 277.20 ($3.62) and a 1-year high of GBX 366.80 ($4.79).
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 insulating fiber, board, paper, brick, and monolithic products; crucibles for metals processing; electrical carbon and graphite products; seals and bearings; ceramic cores for investment casting; structural ceramics; and ballistic protection products, as well as braze alloys.
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