Morgan Advanced Materials’ (MGAM) “Hold” Rating Reiterated at Numis Securities

Morgan Advanced Materials (LON:MGAM)‘s stock had its “hold” rating reiterated by equities researchers at Numis Securities in a research note issued on Tuesday. They currently have a GBX 350 ($4.71) price objective on the stock. Numis Securities’ price target suggests a potential upside of 9.27% from the stock’s current price.

Other research analysts also recently issued reports about the company. Barclays reduced their target price on Morgan Advanced Materials from GBX 330 ($4.44) to GBX 325 ($4.37) and set an “equal weight” rating on the stock in a report on Thursday, August 17th. Peel Hunt reissued a “buy” rating and issued a GBX 430 ($5.79) target price on shares of Morgan Advanced Materials in a report on Tuesday, October 31st. Liberum Capital reissued a “buy” rating and issued a GBX 380 ($5.11) target price on shares of Morgan Advanced Materials in a report on Monday, October 2nd. reissued a “buy” rating and issued a GBX 375 ($5.05) target price on shares of Morgan Advanced Materials in a report on Friday, September 29th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 325 ($4.37) target price on shares of Morgan Advanced Materials in a report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 341.82 ($4.60).

Morgan Advanced Materials (LON MGAM) opened at GBX 320.30 ($4.31) on Tuesday. Morgan Advanced Materials has a 1-year low of GBX 277.20 ($3.73) and a 1-year high of GBX 338.40 ($4.55).

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About Morgan Advanced Materials

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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