Morgan Advanced Materials’ (MGAM) Sector perform Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada restated their sector perform rating on shares of Morgan Advanced Materials (LON:MGAM) in a research report released on Friday morning, Marketbeat Ratings reports. Royal Bank Of Canada currently has a GBX 250 price objective on the stock.

A number of other analysts have also issued reports on MGAM. Berenberg Bank reaffirmed 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 increased their price target on Morgan Advanced Materials from GBX 210 to GBX 235 and gave the company a “hold” rating in a report on Wednesday, August 19th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of GBX 246.

Morgan Advanced Materials Stock Performance

LON MGAM opened at GBX 246.90 on Friday. The business’s 50-day moving average price is GBX 235.91 and its 200 day moving average price is GBX 222.34. The company has a current ratio of 1.36, a quick ratio of 1.26 and a debt-to-equity ratio of 127.17. Morgan Advanced Materials has a twelve month low of GBX 179.80 and a twelve month high of GBX 261. The company has a market capitalization of £682.47 million, a PE ratio of 37.41, a price-to-earnings-growth ratio of 0.51 and a beta of 1.22.

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