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

Morgan Advanced Materials (LON:MGAM) had its price target boosted by analysts at Deutsche Bank Aktiengesellschaft from GBX 210 to GBX 235 in a research report issued to clients and investors on Wednesday,London Stock Exchange reports. The firm presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential downside of 0.84% from the company’s previous close.

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

Morgan Advanced Materials Stock Performance

Morgan Advanced Materials stock opened at GBX 237 on Wednesday. Morgan Advanced Materials has a 12-month low of GBX 179.80 and a 12-month high of GBX 261. The company has a debt-to-equity ratio of 127.17, a current ratio of 1.36 and a quick ratio of 1.26. The company has a market capitalization of £655.10 million, a price-to-earnings ratio of 31.60, a price-to-earnings-growth ratio of 0.51 and a beta of 1.22. The firm’s fifty day moving average price is GBX 226.50 and its 200 day moving average price is 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 for the quarter. Morgan Advanced Materials had a net margin of 1.85% and a return on equity of 5.79%. On average, research analysts forecast that Morgan Advanced Materials will post 32.5 EPS for the current fiscal year.

About Morgan Advanced Materials

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.