Morgan Advanced Materials’ (MGAM) “Buy” Rating Reaffirmed at Berenberg Bank

Morgan Advanced Materials (LON:MGAM)‘s stock had its “buy” rating restated by equities researchers at Berenberg Bank in a research report issued on Wednesday, Digital Look reports. They presently have a GBX 280 price objective on the stock. Berenberg Bank’s price objective would suggest a potential upside of 14.75% from the company’s current price.

Separately, Deutsche Bank Aktiengesellschaft raised their price target on shares of 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 analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of GBX 238.

Morgan Advanced Materials Stock Up 1.0%

MGAM stock opened at GBX 244 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 1.36 and a debt-to-equity ratio of 127.17. Morgan Advanced Materials has a fifty-two week low of GBX 179.80 and a fifty-two week high of GBX 261. The firm’s 50-day simple moving average is GBX 233.78 and its 200 day simple moving average is GBX 222.20. The stock has a market cap of £674.45 million, a PE ratio of 36.97, a price-to-earnings-growth ratio of 0.51 and a beta of 1.22.

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, sell-side analysts predict that Morgan Advanced Materials will post 32.5 EPS 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.