Today: Today, Morgan Advanced Materials PLC (MGAM) Price Target Raised to GBX 265

Today, Morgan Advanced Materials PLC (MGAM) Price Target Raised to GBX 265

Morgan Advanced Materials PLC (LON:MGAM) had its price target hoisted by JPMorgan Chase & Co. from GBX 255 ($3.19) to GBX 265 ($3.31) in a research report issued to clients and investors on Tuesday. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective suggests a potential downside of 6.85% from the company’s current price.

A number of other research firms have also recently issued reports on MGAM. HSBC increased their target price on Morgan Advanced Materials PLC from GBX 270 ($3.37) to GBX 310 ($3.87) and gave the stock a “buy” rating in a report on Tuesday, August 16th. Jefferies Group increased their target price on Morgan Advanced Materials PLC from GBX 243 ($3.04) to GBX 294 ($3.67) and gave the stock a “hold” rating in a report on Thursday, September 22nd. Numis Securities Ltd restated a “hold” rating and issued a GBX 295 ($3.69) price objective on shares of Morgan Advanced Materials PLC in a report on Thursday, July 28th. Citigroup Inc. restated a “neutral” rating and issued a GBX 265 ($3.31) price objective on shares of Morgan Advanced Materials PLC in a report on Thursday, July 28th. Finally, Liberum Capital raised their price objective on Morgan Advanced Materials PLC from GBX 290 ($3.62) to GBX 305 ($3.81) and gave the company a “buy” rating in a report on Tuesday, August 2nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. Morgan Advanced Materials PLC currently has an average rating of “Hold” and a consensus price target of GBX 275.25 ($3.44).

Morgan Advanced Materials PLC (LON:MGAM) traded up 0.07% during trading on Tuesday, hitting GBX 284.50. The company had a trading volume of 248,693 shares. The stock’s market capitalization is GBX 810.25 million. Morgan Advanced Materials PLC has a one year low of GBX 187.50 and a one year high of GBX 310.80. The stock has a 50-day moving average of GBX 281.25 and a 200-day moving average of GBX 267.95.

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