Morgan Advanced Materials (LON:MGAM) Given New GBX 240 Price Target at Deutsche Bank Aktiengesellschaft

Morgan Advanced Materials (LON:MGAM) had its price target lifted by Deutsche Bank Aktiengesellschaft from GBX 235 to GBX 240 in a research note published on Friday,Digital Look reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

MGAM has been the subject of a number of other research reports. Berenberg Bank reiterated a “buy” rating and set a GBX 280 price target on shares of Morgan Advanced Materials in a research report on Wednesday, September 16th. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 250 price objective on shares of Morgan Advanced Materials in a research report on Friday, September 18th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Morgan Advanced Materials currently has a consensus rating of “Hold” and a consensus target price of GBX 247.

Morgan Advanced Materials Price Performance

LON:MGAM traded up GBX 0.11 during trading hours on Friday, hitting GBX 264.11. 749,335 shares of the company’s stock traded hands, compared to its average volume of 3,105,141. The firm has a market cap of £730.03 million, a P/E ratio of 40.02, a P/E/G ratio of 0.51 and a beta of 1.22. Morgan Advanced Materials has a 52 week low of GBX 179.80 and a 52 week high of GBX 294.50. The business’s fifty day simple moving average is GBX 258.92 and its two-hundred day simple moving average is GBX 231.98. 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 (LON:MGAM) last announced its earnings results on Friday, August 7th. The company reported GBX 10.70 earnings per share 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 anticipate that Morgan Advanced Materials will post 32.50 earnings per share 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.