Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Morgan Advanced Materials (LON:MGAM) Stock Price

Morgan Advanced Materials (LON:MGAM) had its price objective hoisted by Deutsche Bank Aktiengesellschaft from GBX 210 to GBX 235 in a research report report published on Wednesday,London Stock Exchange reports. They currently have a hold rating on the stock.

Separately, Jefferies Financial Group reiterated a “hold” rating and set a GBX 230 price target on shares of Morgan Advanced Materials in a research report on Thursday, May 7th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of GBX 235.

Morgan Advanced Materials Price Performance

MGAM stock opened at GBX 237 on Wednesday. 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 12 month low of GBX 179.80 and a 12 month high of GBX 261. The firm has a market capitalization of £655.10 million, a P/E ratio of 31.60, a price-to-earnings-growth ratio of 0.51 and a beta of 1.22. The firm has a 50 day moving average of GBX 226.50 and a 200-day moving average of GBX 221.91.

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