Morgan Advanced Materials (LON:MGAM) Rating Reiterated by Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of Morgan Advanced Materials (LON:MGAM) in a report published on Thursday morning, Stock Target Advisor reports.

Separately, Royal Bank of Canada upped their price target on shares of Morgan Advanced Materials from GBX 240 ($3.16) to GBX 280 ($3.68) and gave the stock an underperform rating in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of GBX 315.83 ($4.15).

Shares of MGAM traded down GBX 1 ($0.01) during mid-day trading on Thursday, reaching GBX 306 ($4.03). The stock had a trading volume of 164,827 shares, compared to its average volume of 413,500. The firm has a market cap of $873.23 million and a price-to-earnings ratio of 15.77. Morgan Advanced Materials has a 12 month low of GBX 228.92 ($3.01) and a 12 month high of GBX 339.40 ($4.46). The business has a fifty day moving average of GBX 313.54 and a 200 day moving average of GBX 276.52. The company has a debt-to-equity ratio of 116.38, a quick ratio of 0.91 and a current ratio of 1.43.

In related news, insider Laurence Mulliez bought 5,320 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average price of GBX 279 ($3.67) per share, for a total transaction of £14,842.80 ($19,524.86).

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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