London: Morgan Advanced Materials (LON:MGAM) Stock Has Just Had Its Add Rating Reiterated by Numis. Shares now Have a GBX 395.00 Target

July 27, 2018 - By Richard Slagle

Morgan Advanced Materials plc (LON:MGAM) Logo

Morgan Advanced Materials (LON:MGAM) Rating Reaffirmed

In analysts report published on 27 July, The Add rating of Morgan Advanced Materials (LON:MGAM) shares was reconfirmed by Analysts at Numis, who now has a GBX 395.00 target on the stock. Numis’s target would suggest a possible upside of 9.69 % from the last close price of the company.

Morgan Advanced Materials plc (LON:MGAM) Ratings Coverage

Among 7 analysts covering Morgan Advanced Materials (LON:MGAM), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Morgan Advanced Materials has GBX 430 highest and GBX 325 lowest target. GBX 383.57’s average target is 6.78% above currents GBX 359.2 stock price. Morgan Advanced Materials had 17 analyst reports since February 13, 2018 according to SRatingsIntel. Peel Hunt maintained Morgan Advanced Materials plc (LON:MGAM) rating on Monday, April 23. Peel Hunt has “Buy” rating and GBX 430 target. The firm has “Hold” rating given on Thursday, March 1 by Berenberg. The firm has “Buy” rating by Liberum Capital given on Monday, July 2. The stock of Morgan Advanced Materials plc (LON:MGAM) earned “Hold” rating by Numis Securities on Wednesday, February 14. On Thursday, February 22 the stock rating was maintained by Jefferies with “Hold”. On Wednesday, February 28 the stock rating was maintained by JP Morgan with “Neutral”. Liberum Capital maintained Morgan Advanced Materials plc (LON:MGAM) on Friday, March 2 with “Buy” rating. Numis Securities maintained Morgan Advanced Materials plc (LON:MGAM) rating on Friday, July 27. Numis Securities has “Add” rating and GBX 395 target. The firm has “Buy” rating by Peel Hunt given on Monday, July 2. The rating was upgraded by JP Morgan to “Overweight” on Tuesday, July 17.

The stock increased 1.18% or GBX 4.2 during the last trading session, reaching GBX 359.2. About 110,173 shares traded. Morgan Advanced Materials plc (LON:MGAM) has 0.00% since July 27, 2017 and is . It has underperformed by 12.57% the S&P500.

Morgan Advanced Materials plc operates as an advanced materials science and engineering firm that focuses on ceramics, carbon, and composites primarily in the United Kingdom. The company has market cap of 1.02 billion GBP. The firm offers insulating fibers, bricks, and monolithics; structural ceramics; electrical carbon, linear, and rotary transfer systems; seals and bearings; piezoelectric sensors and transducers; crucibles for metals processing; ballistic protection products; and ceramic cores for investment casting, as well as braze alloys. It has a 9.58 P/E ratio. It also provides high-performance products for aerospace, automotive, marine, and rail applications; components for petrochemical industry; and components used in medical monitoring and diagnostic instrumentation, as well as tools for treatment and surgery; and electronic components.

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