Royal Bank of Canada Lowers Morgan Advanced Materials (LON:MGAM) Price Target to GBX 265

Morgan Advanced Materials (LON:MGAM - Get Free Report) had its target price decreased by equities researchers at Royal Bank of Canada from GBX 320 ($4.12) to GBX 265 ($3.42) in a research report issued to clients and investors on Monday,Digital Look reports. The firm currently has an "outperform" rating on the stock. Royal Bank of Canada's target price would suggest a potential upside of 22.12% from the stock's previous close.

Separately, Citigroup lifted their target price on shares of Morgan Advanced Materials from GBX 325 ($4.19) to GBX 330 ($4.25) and gave the company a "buy" rating in a report on Thursday, January 23rd.

Morgan Advanced Materials Stock Performance

MGAM stock traded up GBX 4.50 ($0.06) on Monday, hitting GBX 217 ($2.80). The company's stock had a trading volume of 333,687 shares, compared to its average volume of 1,618,643. The stock has a market cap of £611.69 million, a price-to-earnings ratio of 8.93, a price-to-earnings-growth ratio of 0.51 and a beta of 1.34. The firm has a 50 day moving average of GBX 262.26 and a two-hundred day moving average of GBX 268.84. The company has a current ratio of 2.19, a quick ratio of 1.26 and a debt-to-equity ratio of 103.31. Morgan Advanced Materials has a 1 year low of GBX 198 ($2.55) and a 1 year high of GBX 347 ($4.47).

Morgan Advanced Materials (LON:MGAM - Get Free Report) last announced its earnings results on Friday, February 28th. The company reported GBX 25.50 ($0.33) EPS for the quarter. Morgan Advanced Materials had a net margin of 6.17% and a return on equity of 19.02%. Equities analysts predict that Morgan Advanced Materials will post 32.5 EPS 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.