Morgan Advanced Materials (MGAM) Lifted to Add at Numis Securities
Several other analysts have also weighed in on MGAM. Peel Hunt restated a buy rating and set a GBX 430 ($5.94) price target on shares of Morgan Advanced Materials in a report on Tuesday, October 31st. Liberum Capital restated a buy rating and set a GBX 380 ($5.25) price target on shares of Morgan Advanced Materials in a report on Monday, November 6th. JPMorgan Chase & Co. restated a neutral rating and set a GBX 325 ($4.49) price target on shares of Morgan Advanced Materials in a report on Tuesday, November 7th. Finally, Barclays increased their price target on Morgan Advanced Materials from GBX 325 ($4.49) to GBX 330 ($4.56) and gave the company an equal weight rating in a report on Monday, December 18th. Seven investment analysts have rated the stock with 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 360.50 ($4.98).
Shares of Morgan Advanced Materials (LON MGAM) opened at GBX 320 ($4.42) on Wednesday. Morgan Advanced Materials has a twelve month low of GBX 277.20 ($3.83) and a twelve month high of GBX 366.80 ($5.07). The firm has a market capitalization of $944.57 and a price-to-earnings ratio of 888.89.
The firm also recently announced a dividend, which will be paid on Friday, May 25th. Shareholders of record on Thursday, May 3rd will be paid a GBX 7 ($0.10) dividend. This is a positive change from Morgan Advanced Materials’s previous dividend of $4.00. The ex-dividend date of this dividend is Thursday, May 3rd. This represents a yield of 2.09%.
In other Morgan Advanced Materials news, insider Pete Raby sold 26,967 shares of the stock in a transaction on Friday, December 29th. The stock was sold at an average price of GBX 334 ($4.61), for a total value of £90,069.78 ($124,440.15). Also, insider Paul Andrew Boulton sold 2,210 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of GBX 339 ($4.68), for a total value of £7,491.90 ($10,350.79).
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Morgan Advanced Materials Company Profile
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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