Morgan Advanced Materials PLC (MGAM) Receives GBX 304 Average PT from Brokerages

Shares of Morgan Advanced Materials PLC (LON:MGAM) have earned an average recommendation of “Hold” from the ten research firms that are currently covering the stock. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is GBX 328.90 ($4.14).

A number of analysts have recently issued reports on MGAM shares. Peel Hunt reiterated a “buy” rating and set a GBX 360 ($4.53) target price on shares of Morgan Advanced Materials PLC in a report on Tuesday, January 17th. HSBC Holdings plc restated a “buy” rating and issued a GBX 375 ($4.72) price target on shares of Morgan Advanced Materials PLC in a report on Thursday, April 6th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 300 ($3.78) target price on shares of Morgan Advanced Materials PLC in a research report on Thursday, February 16th. Bank of America Corp upped their target price on Morgan Advanced Materials PLC from GBX 250 ($3.15) to GBX 280 ($3.52) and gave the company an “underperform” rating in a research report on Wednesday, January 11th. Finally, Liberum Capital reissued a “buy” rating and set a GBX 305 ($3.84) price target on shares of Morgan Advanced Materials PLC in a research report on Wednesday, February 22nd.

Morgan Advanced Materials PLC (LON:MGAM) traded up 0.06% during mid-day trading on Friday, reaching GBX 326.10. 269,508 shares of the company’s stock traded hands. The stock’s 50 day moving average is GBX 315.96 and its 200-day moving average is GBX 297.33. Morgan Advanced Materials PLC has a 52 week low of GBX 200.30 and a 52 week high of GBX 331.00. The stock’s market capitalization is GBX 928.56 million.

The firm also recently declared a dividend, which will be paid on Friday, May 26th. Stockholders of record on Thursday, May 4th will be paid a GBX 7 ($0.09) dividend. This is a boost from Morgan Advanced Materials PLC’s previous dividend of $4.00. The ex-dividend date is Thursday, May 4th. This represents a dividend yield of 2.17%.

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In other Morgan Advanced Materials PLC news, insider Helen Bunch purchased 925 shares of the firm’s stock in a transaction dated Monday, April 10th. The stock was bought at an average price of GBX 320 ($4.03) per share, with a total value of £2,960 ($3,725.61).

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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