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).
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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.
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