Morgan Advanced Materials PLC (LON:MGAM) had its price objective increased by Jefferies Group from GBX 243 ($3.17) to GBX 294 ($3.84) in a report released on Thursday morning. They currently have a hold rating on the stock.
A number of other analysts have also weighed in on the stock. JPMorgan Chase & Co. restated a neutral rating and set a GBX 230 ($3.00) target price on shares of Morgan Advanced Materials PLC in a research note on Monday, June 27th. HSBC upped their target price on shares of Morgan Advanced Materials PLC from GBX 270 ($3.52) to GBX 310 ($4.05) and gave the stock a buy rating in a research note on Tuesday, August 16th. Liberum Capital upped their target price on shares of Morgan Advanced Materials PLC from GBX 290 ($3.79) to GBX 305 ($3.98) and gave the stock a buy rating in a research note on Tuesday, August 2nd. Numis Securities Ltd restated a hold rating and set a GBX 295 ($3.85) target price on shares of Morgan Advanced Materials PLC in a research note on Thursday, July 28th. Finally, Citigroup Inc. restated a neutral rating and set a GBX 265 ($3.46) target price on shares of Morgan Advanced Materials PLC in a research note on Thursday, July 28th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of GBX 266.92 ($3.48).
Shares of Morgan Advanced Materials PLC (LON:MGAM) opened at 279.60 on Thursday. The firm’s market capitalization is GBX 796.30 million. Morgan Advanced Materials PLC has a 52 week low of GBX 187.50 and a 52 week high of GBX 311.93. The firm’s 50-day moving average is GBX 289.36 and its 200 day moving average is GBX 251.87.
The firm also recently announced a dividend, which will be paid on Friday, November 25th. Stockholders of record on Thursday, November 3rd will be given a dividend of GBX 4 ($0.05) per share. The ex-dividend date is Thursday, November 3rd. This represents a dividend yield of 1.45%.
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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