Morgan Advanced Materials PLC (MGAM) Stock Rating Reaffirmed by Peel Hunt

Morgan Advanced Materials PLC (LON:MGAM)‘s stock had its “buy” rating reissued by equities research analysts at Peel Hunt in a report released on Tuesday. They presently have a GBX 430 ($5.67) price target on the stock. Peel Hunt’s price target suggests a potential upside of 36.94% from the company’s current price.

A number of other research analysts have also recently weighed in on MGAM. Liberum Capital restated a “buy” rating and issued a GBX 380 ($5.01) price target on shares of Morgan Advanced Materials PLC in a research report on Friday, July 28th. J P Morgan Chase & Co raised their price target on Morgan Advanced Materials PLC from GBX 300 ($3.96) to GBX 325 ($4.29) and gave the company a “neutral” rating in a research report on Monday, July 31st. Barclays PLC dropped their price target on Morgan Advanced Materials PLC from GBX 330 ($4.35) to GBX 325 ($4.29) and set an “equal weight” rating for the company in a research report on Thursday, August 17th. Berenberg Bank initiated coverage on Morgan Advanced Materials PLC in a research report on Wednesday, September 6th. They issued a “hold” rating and a GBX 320 ($4.22) price target for the company. Finally, HSBC Holdings plc restated a “buy” rating and issued a GBX 375 ($4.95) price target on shares of Morgan Advanced Materials PLC in a research report on Friday, September 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 342.73 ($4.52).

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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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