J P Morgan Chase & Co Reaffirms Neutral Rating for Morgan Advanced Materials PLC (MGAM)

Morgan Advanced Materials PLC (LON:MGAM)‘s stock had its “neutral” rating reissued by investment analysts at J P Morgan Chase & Co in a research report issued on Friday, June 30th. They presently have a GBX 300 ($3.91) target price on the stock. J P Morgan Chase & Co’s price target points to a potential upside of 1.04% from the stock’s previous close.

A number of other equities analysts have also weighed in on MGAM. Jefferies Group LLC increased their target price on Morgan Advanced Materials PLC from GBX 294 ($3.83) to GBX 335 ($4.36) and gave the stock a “hold” rating in a research note on Monday, March 27th. HSBC Holdings plc reiterated a “buy” rating and set a GBX 375 ($4.89) target price on shares of Morgan Advanced Materials PLC in a research note on Thursday, April 6th. Liberum Capital reiterated a “buy” rating and set a GBX 380 ($4.95) target price on shares of Morgan Advanced Materials PLC in a research note on Friday, May 5th. Citigroup Inc. restated a “neutral” rating and set a GBX 330 ($4.30) price objective on shares of Morgan Advanced Materials PLC in a research note on Tuesday, April 4th. Finally, Peel Hunt restated a “buy” rating and set a GBX 415 ($5.41) price objective on shares of Morgan Advanced Materials PLC in a research note on Thursday, March 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 342.78 ($4.47).

Shares of Morgan Advanced Materials PLC (LON MGAM) traded up 1.71% during trading on Friday, hitting GBX 296.90. 537,880 shares of the stock were exchanged. The firm has a 50 day moving average of GBX 291.48 and a 200-day moving average of GBX 304.62. Morgan Advanced Materials PLC has a 12-month low of GBX 242.30 and a 12-month high of GBX 338.40. The company’s market cap is GBX 847.26 million.

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About Morgan Advanced Materials PLC

Morgan Advanced Materials plc, formerly The Morgan Crucible Company plc, is a United Kingdom-based engineering company. The Company is engaged in advanced materials science and engineering of ceramics, carbon and composites. The Company’s segments include North America, Europe and Asia/Rest of World.

Analyst Recommendations for Morgan Advanced Materials PLC (LON:MGAM)

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