Morgan Advanced Materials (MGAM) Price Target Lowered to GBX 345 at JPMorgan Chase & Co.
Morgan Advanced Materials (LON:MGAM) had its price target cut by JPMorgan Chase & Co. from GBX 410 ($5.36) to GBX 345 ($4.51) in a research report released on Tuesday. They currently have an overweight rating on the stock.
A number of other equities analysts also recently commented on MGAM. Peel Hunt reissued a buy rating on shares of Morgan Advanced Materials in a research note on Friday, November 9th. Berenberg Bank raised shares of Morgan Advanced Materials to a buy rating and boosted their price objective for the stock from GBX 330 ($4.31) to GBX 420 ($5.49) in a research note on Monday, August 6th. Royal Bank of Canada began coverage on shares of Morgan Advanced Materials in a research note on Tuesday, November 20th. They issued a sector performer rating and a GBX 310 ($4.05) price objective for the company. Finally, Jefferies Financial Group reissued a hold rating on shares of Morgan Advanced Materials in a research note on Wednesday, September 5th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of GBX 374.44 ($4.89).
Shares of LON:MGAM opened at GBX 255 ($3.33) on Tuesday. Morgan Advanced Materials has a 52 week low of GBX 277.20 ($3.62) and a 52 week 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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