Morgan Advanced Materials plc (LON:MGAM - Get Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 280.18 ($3.47) and traded as low as GBX 263.50 ($3.27). Morgan Advanced Materials shares last traded at GBX 272 ($3.37), with a volume of 343,518 shares.
Analysts Set New Price Targets
Several analysts have commented on MGAM shares. Citigroup raised their price objective on shares of Morgan Advanced Materials from GBX 325 ($4.03) to GBX 330 ($4.09) and gave the stock a "buy" rating in a report on Thursday, January 23rd. Royal Bank of Canada lowered their target price on shares of Morgan Advanced Materials from GBX 350 ($4.34) to GBX 320 ($3.97) and set an "outperform" rating for the company in a report on Thursday, November 7th.
View Our Latest Report on MGAM
Morgan Advanced Materials Stock Up 0.7 %
The company has a market cap of £779.69 million, a P/E ratio of 1,141.67, a P/E/G ratio of 0.51 and a beta of 1.34. The company has a debt-to-equity ratio of 93.89, a current ratio of 2.19 and a quick ratio of 1.26. The company's 50-day moving average is GBX 265.70 and its two-hundred day moving average is GBX 279.85.
About Morgan Advanced Materials
(
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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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