Morgan Advanced Materials (LON:MGAM) Stock Keeps Sector perform Rating at Royal Bank Of Canada

Morgan Advanced Materials (LON:MGAM)‘s stock had its “sector perform” rating reaffirmed by Royal Bank Of Canada in a report issued on Friday, September 18th, MarketBeat reports. They currently have a GBX 250 price objective on the stock. Royal Bank Of Canada’s price objective would suggest a potential downside of 3.47% from the company’s previous close.

A number of other analysts have also recently commented on MGAM. Berenberg Bank reiterated a “buy” rating and set a GBX 280 target price on shares of Morgan Advanced Materials in a research report on Wednesday, September 16th. Deutsche Bank Aktiengesellschaft boosted their price objective on Morgan Advanced Materials from GBX 210 to GBX 235 and gave the company a “hold” rating in a research note on Wednesday, August 19th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Morgan Advanced Materials presently has an average rating of “Hold” and a consensus price target of GBX 246.

Morgan Advanced Materials Stock Up 1.2%

MGAM traded up GBX 3 on Friday, reaching GBX 259. The company’s stock had a trading volume of 459,304 shares, compared to its average volume of 2,899,408. The company has a market capitalization of £715.91 million, a price-to-earnings ratio of 39.24, a P/E/G ratio of 0.51 and a beta of 1.22. Morgan Advanced Materials has a fifty-two week low of GBX 179.80 and a fifty-two week high of GBX 264. The company has a quick ratio of 1.26, a current ratio of 1.36 and a debt-to-equity ratio of 127.17. The stock has a 50 day moving average of GBX 239.08 and a two-hundred day moving average of GBX 223.77.

Morgan Advanced Materials (LON:MGAM) last issued its quarterly earnings data on Friday, August 7th. The company reported GBX 10.70 earnings per share for the quarter. Morgan Advanced Materials had a net margin of 1.85% and a return on equity of 5.79%. As a group, analysts forecast that Morgan Advanced Materials will post 32.5 EPS for the current fiscal year.

Morgan Advanced Materials Company Profile

Morgan Advanced Materials plc operates as a materials science and application engineering company primarily the United Kingdom. It serves customers in the industrial, transportation, petrochemical and chemical, energy, semiconductor and electronics, healthcare, and security and defense markets. The company was formerly known as The Morgan Crucible Company plc and changed its name to Morgan Advanced Materials plc in March 2013. Morgan Advanced Materials plc was founded in 1856 and is headquartered in Windsor, the United Kingdom.