Morgan Advanced Materials (MGAM) Stock Rating Reaffirmed by Peel Hunt
Morgan Advanced Materials (LON:MGAM)‘s stock had its “buy” rating reissued by stock analysts at Peel Hunt in a report issued on Monday. They currently have a GBX 430 ($6.16) price target on the stock. Peel Hunt’s price target would suggest a potential upside of 25.73% from the stock’s previous close.
Several other equities research analysts also recently weighed in on the company. Citigroup raised their price objective on Morgan Advanced Materials from GBX 330 ($4.73) to GBX 345 ($4.94) and gave the company a “neutral” rating in a report on Wednesday, March 14th. Numis Securities raised Morgan Advanced Materials to an “add” rating and set a GBX 375 ($5.37) price objective on the stock in a report on Wednesday, February 28th. Liberum Capital reissued a “buy” rating and set a GBX 415 ($5.94) price objective on shares of Morgan Advanced Materials in a report on Wednesday, March 7th. JPMorgan Chase raised their price objective on Morgan Advanced Materials from GBX 325 ($4.65) to GBX 335 ($4.80) and gave the company a “neutral” rating in a report on Wednesday, February 28th. Finally, Berenberg Bank raised their price objective on Morgan Advanced Materials from GBX 320 ($4.58) to GBX 330 ($4.73) and gave the company a “hold” rating in a report on Thursday, March 1st. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of GBX 366.67 ($5.25).
Shares of MGAM stock opened at GBX 342 ($4.90) on Monday. Morgan Advanced Materials has a fifty-two week low of GBX 277.20 ($3.97) and a fifty-two week high of GBX 366.80 ($5.25).
In related news, insider Paul Andrew Boulton sold 2,210 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of GBX 339 ($4.85), for a total transaction of £7,491.90 ($10,727.23).
Morgan Advanced Materials Company Profile
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 fibers, bricks, and monolithics; structural ceramics; electrical carbon, linear, and rotary transfer systems; seals and bearings; piezoelectric sensors and transducers; crucibles for metals processing; ballistic protection products; and ceramic cores for investment casting, as well as braze alloys.
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