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

Morgan Advanced Materials PLC (LON:MGAM) has been given a consensus recommendation of “Hold” by the nine analysts that are currently covering the firm. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is GBX 329.89 ($4.26).

MGAM has been the topic of a number of recent research reports. Liberum Capital reiterated a “buy” rating and issued a GBX 380 ($4.91) target price on shares of Morgan Advanced Materials PLC in a research note on Friday. Jefferies Group LLC restated a “hold” rating and set a GBX 294 ($3.80) price objective on shares of Morgan Advanced Materials PLC in a research note on Friday, February 24th. Peel Hunt reaffirmed a “buy” rating and set a GBX 415 ($5.36) target price on shares of Morgan Advanced Materials PLC in a report on Thursday, March 2nd. Citigroup Inc reaffirmed a “neutral” rating and set a GBX 330 ($4.26) target price on shares of Morgan Advanced Materials PLC in a report on Tuesday, April 4th. Finally, HSBC Holdings plc lifted their target price on Morgan Advanced Materials PLC from GBX 325 ($4.20) to GBX 375 ($4.84) and gave the stock a “buy” rating in a report on Friday, February 24th.

In other news, insider Helen Bunch acquired 925 shares of the stock in a transaction dated Monday, April 10th. The shares were acquired at an average cost of GBX 320 ($4.13) per share, for a total transaction of £2,960 ($3,821.82).

ILLEGAL ACTIVITY NOTICE: This piece was reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this piece can be viewed at

Shares of Morgan Advanced Materials PLC (LON:MGAM) opened at 314.40 on Friday. Morgan Advanced Materials PLC has a 12-month low of GBX 200.30 and a 12-month high of GBX 338.40. The stock has a 50 day moving average of GBX 319.86 and a 200-day moving average of GBX 299.34. The company’s market capitalization is GBX 895.24 million.

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

Morgan Advanced Materials PLC Company Profile

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.

What are top analysts saying about Morgan Advanced Materials PLC? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Morgan Advanced Materials PLC and related companies.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit