Morgan Advanced Materials PLC (LON:MGAM) insider Laurence Mulliez acquired 5,320 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average price of GBX 279 ($3.65) per share, for a total transaction of £14,842.80 ($19,394.75).
Shares of LON:MGAM opened at GBX 275.40 ($3.60) on Wednesday. Morgan Advanced Materials PLC has a 12 month low of GBX 228.92 ($2.99) and a 12 month high of GBX 287.60 ($3.76). The company has a quick ratio of 0.91, a current ratio of 1.43 and a debt-to-equity ratio of 116.38. The company’s fifty day simple moving average is GBX 250.94 and its 200 day simple moving average is GBX 256.78. The firm has a market cap of $790.48 million and a price-to-earnings ratio of 14.20.
A number of equities research analysts recently commented on MGAM shares. Jefferies Financial Group upgraded shares of Morgan Advanced Materials to a “buy” rating and dropped their price objective for the stock from GBX 365 ($4.77) to GBX 320 ($4.18) in a report on Wednesday, July 24th. Royal Bank of Canada lowered shares of Morgan Advanced Materials to an “underperform” rating in a report on Wednesday, October 9th. Berenberg Bank restated a “buy” rating and set a GBX 330 ($4.31) price objective on shares of Morgan Advanced Materials in a report on Tuesday, August 20th. Finally, Bank of America dropped their price objective on shares of Morgan Advanced Materials from GBX 280 ($3.66) to GBX 270 ($3.53) and set a “neutral” rating on the stock in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of GBX 319.29 ($4.17).
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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