Liberum Capital Reiterates “Buy” Rating for Morgan Advanced Materials (MGAM)

Morgan Advanced Materials (LON:MGAM)‘s stock had its “buy” rating reissued by Liberum Capital in a research note issued to investors on Monday. They currently have a GBX 380 ($5.11) target price on the stock. Liberum Capital’s price objective would suggest a potential upside of 15.15% from the stock’s previous close.

A number of other analysts have also weighed in on the company. Numis Securities restated a “hold” rating and set a GBX 350 ($4.71) target price on shares of Morgan Advanced Materials in a report on Tuesday, December 5th. J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 325 ($4.37) price objective on shares of Morgan Advanced Materials in a report on Tuesday, November 7th. Peel Hunt reiterated a “buy” rating and set a GBX 430 ($5.79) price objective on shares of Morgan Advanced Materials in a report on Monday, November 6th. reiterated a “buy” rating and set a GBX 375 ($5.05) price objective on shares of Morgan Advanced Materials in a report on Friday, September 29th. Finally, Berenberg Bank assumed coverage on Morgan Advanced Materials in a report on Wednesday, September 6th. They set a “hold” rating and a GBX 320 ($4.31) price objective for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of GBX 341.82 ($4.60).

Shares of Morgan Advanced Materials (MGAM) opened at GBX 330 ($4.44) on Monday. Morgan Advanced Materials has a fifty-two week low of GBX 277.20 ($3.73) and a fifty-two week high of GBX 338.40 ($4.55).

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Morgan Advanced Materials 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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