Morgan Advanced Materials (MGAM) Given “Buy” Rating at Liberum Capital
Liberum Capital reiterated their buy rating on shares of Morgan Advanced Materials (LON:MGAM) in a research report released on Monday morning. They currently have a GBX 380 ($5.11) target price on the stock.
MGAM has been the subject of several other research reports. Berenberg Bank initiated coverage on Morgan Advanced Materials in a report on Wednesday, September 6th. They set a hold rating and a GBX 320 ($4.31) price objective for the company. Numis Securities reissued a hold rating and set a GBX 350 ($4.71) price objective on shares of Morgan Advanced Materials in a report on Tuesday, December 5th. J P Morgan Chase & Co reissued a neutral rating and set a GBX 325 ($4.37) price objective on shares of Morgan Advanced Materials in a report on Tuesday, November 7th. Peel Hunt reissued a buy rating and set a GBX 430 ($5.79) price objective on shares of Morgan Advanced Materials in a report on Monday, November 6th. Finally, reissued a buy rating and set a GBX 375 ($5.05) price objective on shares of Morgan Advanced Materials in a report on Friday, September 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of GBX 341.82 ($4.60).
Shares of Morgan Advanced Materials (LON MGAM) opened at GBX 329.20 ($4.43) on Monday. 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).
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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