Morgan Advanced Materials (LON:MGAM) Price Target Raised to GBX 240

Morgan Advanced Materials (LON:MGAM) had its target price increased by analysts at Deutsche Bank Aktiengesellschaft from GBX 235 to GBX 240 in a research note issued on Friday, Digital Look reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft‘s target price would suggest a potential downside of 9.13% from the company’s current price.

Other analysts also recently issued reports about the stock. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 250 target price on shares of Morgan Advanced Materials in a report on Friday, September 18th. Berenberg Bank restated a “buy” rating and set a GBX 280 target price on shares of Morgan Advanced Materials in a report on Wednesday, September 16th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of GBX 247.

Morgan Advanced Materials Price Performance

Shares of Morgan Advanced Materials stock opened at GBX 264.11 on Friday. Morgan Advanced Materials has a 52 week low of GBX 179.80 and a 52 week high of GBX 294.50. The company has a current ratio of 1.36, a quick ratio of 1.26 and a debt-to-equity ratio of 127.17. The stock has a market cap of £730.03 million, a PE ratio of 40.02, a price-to-earnings-growth ratio of 0.51 and a beta of 1.22. The company’s 50-day moving average price is GBX 258.92 and its two-hundred day moving average price is GBX 231.98.

Morgan Advanced Materials (LON:MGAM) last posted 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 net margin of 1.85% and a return on equity of 5.79%. As a group, sell-side analysts anticipate that Morgan Advanced Materials will post 32.50 EPS for the current fiscal 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.