Morgan Advanced Materials (LON:MGAM - Get Free Report) had its target price dropped by stock analysts at Royal Bank of Canada from GBX 350 ($4.56) to GBX 320 ($4.17) in a research report issued to clients and investors on Thursday,Digital Look reports. The firm presently has an "outperform" rating on the stock. Royal Bank of Canada's price objective would indicate a potential upside of 26.98% from the company's current price.
Separately, Deutsche Bank Aktiengesellschaft dropped their target price on Morgan Advanced Materials from GBX 335 ($4.36) to GBX 320 ($4.17) and set a "hold" rating on the stock in a research note on Friday, September 13th.
View Our Latest Analysis on Morgan Advanced Materials
Morgan Advanced Materials Price Performance
Shares of LON:MGAM traded up GBX 4.50 ($0.06) during mid-day trading on Thursday, reaching GBX 252 ($3.28). The stock had a trading volume of 1,128,252 shares, compared to its average volume of 751,027. The company has a market cap of £717.09 million, a P/E ratio of 1,050.00, a price-to-earnings-growth ratio of 0.51 and a beta of 1.34. Morgan Advanced Materials has a 1 year low of GBX 225 ($2.93) and a 1 year high of GBX 347 ($4.52). The business's 50 day moving average price is GBX 271.61 and its 200 day moving average price is GBX 301.03. The company has a current ratio of 2.19, a quick ratio of 1.26 and a debt-to-equity ratio of 93.89.
Morgan Advanced Materials Company Profile
(
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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.
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