Morgan Advanced Materials PLC (LON:MGAM) Given Consensus Recommendation of “Buy” by Analysts

Shares of Morgan Advanced Materials PLC (LON:MGAM) have earned a consensus rating of “Buy” from the seven brokerages that are covering the stock, reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is GBX 310.83 ($4.06).

A number of equities analysts have weighed in on MGAM shares. Jefferies Financial Group upgraded Morgan Advanced Materials to a “buy” rating and decreased their target price for the stock from GBX 365 ($4.77) to GBX 320 ($4.18) in a research note on Wednesday, July 24th. Peel Hunt restated a “buy” rating on shares of Morgan Advanced Materials in a research note on Monday, July 22nd. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 330 ($4.31) target price on shares of Morgan Advanced Materials in a research note on Tuesday, August 20th.

LON MGAM traded down GBX 1 ($0.01) during trading on Friday, reaching GBX 248 ($3.24). The company’s stock had a trading volume of 288,408 shares, compared to its average volume of 413,500. The stock has a market capitalization of $707.72 million and a PE ratio of 12.78. The company has a debt-to-equity ratio of 116.38, a current ratio of 1.43 and a quick ratio of 0.91. The firm has a fifty day moving average of GBX 254.22 and a 200 day moving average of GBX 262.01. Morgan Advanced Materials has a one year low of GBX 233.80 ($3.06) and a one year high of GBX 360 ($4.70).

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

Morgan Advanced Materials Company Profile

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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