Morgan Advanced Materials’ (MGAM) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Morgan Advanced Materials (LON:MGAM) in a research note released on Tuesday, Digital Look reports. Berenberg Bank currently has a GBX 330 ($4.31) price objective on the stock.

Several other research firms have also recently weighed in on MGAM. Jefferies Financial Group raised Morgan Advanced Materials to a buy rating and dropped their price target for the stock from GBX 365 ($4.77) to GBX 320 ($4.18) in a report on Wednesday, July 24th. Peel Hunt reissued a buy rating on shares of Morgan Advanced Materials in a report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. Morgan Advanced Materials presently has a consensus rating of Buy and an average price target of GBX 316.43 ($4.13).

LON:MGAM opened at GBX 251 ($3.28) on Tuesday. The stock has a market cap of $710.57 million and a P/E ratio of 12.94. The stock has a 50 day simple moving average of GBX 254.70 and a 200 day simple moving average of GBX 262.12. The company has a current ratio of 1.43, a quick ratio of 0.91 and a debt-to-equity ratio of 116.38. Morgan Advanced Materials has a 1-year low of GBX 233.80 ($3.06) and a 1-year high of GBX 360 ($4.70).

The business also recently disclosed a dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, October 31st will be issued a GBX 4 ($0.05) dividend. The ex-dividend date is Thursday, October 31st. This represents a yield of 1.54%. Morgan Advanced Materials’s dividend payout ratio is presently 0.57%.

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 high-temperature insulating fiber products, microporous products, firebricks, monolithic products, heat shields, fired refractory shapes, and structural block insulation products; crucibles, foundry products, and furnace industries furnace ranges; and seals and bearings, as well as general pump components, such as shafts, vanes, rotors, and washers.

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Analyst Recommendations for Morgan Advanced Materials (LON:MGAM)

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