Morgan Advanced Materials’ (MGAM) Buy Rating Reaffirmed at Peel Hunt

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Peel Hunt reaffirmed their buy rating on shares of Morgan Advanced Materials (LON:MGAM) in a research note released on Monday, ThisIsMoney.Co.Uk reports.

Separately, Royal Bank of Canada set a $35.00 price target on shares of Beacon Roofing Supply and gave the stock a hold rating in a research report on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of GBX 331.43 ($4.33).

LON MGAM traded down GBX 0.20 ($0.00) on Monday, hitting GBX 257 ($3.36). 345,166 shares of the company were exchanged, compared to its average volume of 413,500. The firm’s 50 day simple moving average is GBX 262.03. The company has a market cap of $733.40 million and a P/E ratio of 15.86. The company has a current ratio of 1.35, a quick ratio of 0.87 and a debt-to-equity ratio of 89.32. Morgan Advanced Materials has a 1-year low of GBX 233.80 ($3.06) and a 1-year high of GBX 370 ($4.83).

In related news, insider Peter Turner sold 48,289 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of GBX 253 ($3.31), for a total transaction of £122,171.17 ($159,638.27).

Morgan Advanced Materials Company Profile

Morgan Advanced Materials plc operates as an advanced materials science and engineering company that focuses on ceramics, carbon, and composites primarily in the United Kingdom. The company offers high-temperature insulating fiber products, microporous products, firebricks, monolithic products, heat shields, fired refractory shapes, and structural block insulation products; crucibles, foundry products, and furnace industries furnace ranges; and seals and bearings, as well as general pump components, such as shafts, vanes, rotors, and washers.

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Analyst Recommendations for Morgan Advanced Materials (LON:MGAM)

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