Morgan Advanced Materials PLC’s (MGAM) “Buy” Rating Reiterated at Peel Hunt
Peel Hunt restated their buy rating on shares of Morgan Advanced Materials PLC (LON:MGAM) in a research note published on Tuesday morning. The firm currently has a GBX 430 ($5.67) target price on the stock.
A number of other brokerages have also recently weighed in on MGAM. Berenberg Bank began coverage on shares of Morgan Advanced Materials PLC in a research report on Wednesday, September 6th. They set a hold rating and a GBX 320 ($4.22) price target for the company. Liberum Capital reaffirmed a buy rating and set a GBX 380 ($5.01) price target on shares of Morgan Advanced Materials PLC in a research report on Monday, October 2nd. J P Morgan Chase & Co upped their price target on shares of Morgan Advanced Materials PLC from GBX 300 ($3.96) to GBX 325 ($4.29) and gave the stock a neutral rating in a research report on Monday, July 31st. HSBC Holdings plc reaffirmed a buy rating and set a GBX 375 ($4.95) price target on shares of Morgan Advanced Materials PLC in a research report on Friday, September 29th. Finally, Barclays PLC decreased their price target on shares of Morgan Advanced Materials PLC from GBX 330 ($4.35) to GBX 325 ($4.29) and set an equal weight rating for the company in a research report on Thursday, August 17th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of GBX 342.73 ($4.52).
Shares of Morgan Advanced Materials PLC (MGAM) traded up GBX 7.50 ($0.10) during trading on Tuesday, reaching GBX 325 ($4.29). 590,176 shares of the company’s stock were exchanged.
About Morgan Advanced Materials PLC
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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