Why Peel Hunt Has Just Restated Their “Buy” Rating For Morgan Advanced Materials (LON:MGAM) Shares

September 8, 2018 - By Catherine Diaz

Morgan Advanced Materials plc (LON:MGAM) Logo

Morgan Advanced Materials (LON:MGAM) Rating Reaffirmed

Peel Hunt reconfirmed their “Buy” rating on Morgan Advanced Materials (LON:MGAM) in an analyst report issued on Thursday morning.

Morgan Advanced Materials plc (LON:MGAM) Ratings Coverage

Among 7 analysts covering Morgan Advanced Materials (LON:MGAM), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Morgan Advanced Materials has GBX 430 highest and GBX 345 lowest target. GBX 401.67’s average target is 21.87% above currents GBX 329.6 stock price. Morgan Advanced Materials had 11 analyst reports since March 14, 2018 according to SRatingsIntel. The company was upgraded on Tuesday, July 17 by JP Morgan. The firm has “Add” rating given on Friday, July 27 by Numis Securities. The firm earned “Hold” rating on Wednesday, September 5 by Jefferies. The firm has “Buy” rating given on Monday, April 23 by Peel Hunt. As per Thursday, July 26, the company rating was maintained by Peel Hunt. The stock of Morgan Advanced Materials plc (LON:MGAM) earned “Buy” rating by Peel Hunt on Thursday, September 6. Peel Hunt maintained Morgan Advanced Materials plc (LON:MGAM) on Monday, April 9 with “Buy” rating. As per Monday, August 6, the company rating was upgraded by Berenberg. The company was maintained on Monday, July 2 by Peel Hunt. The rating was maintained by Citigroup on Wednesday, March 14 with “Neutral”.

The stock decreased 1.49% or GBX 5 during the last trading session, reaching GBX 329.6. About 205,281 shares traded. Morgan Advanced Materials plc (LON:MGAM) has 0.00% since September 8, 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 939.87 million 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 16.65 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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