Morgan Advanced Materials (LON:MGAM) Stock Rating Lowered by Royal Bank Of Canada

Morgan Advanced Materials (LON:MGAM) was downgraded by equities research analysts at Royal Bank Of Canada to a “sector perform” rating in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. They presently have a GBX 210 price target on the stock, down from their prior price target of GBX 250. Royal Bank Of Canada’s price target would suggest a potential upside of 8.25% from the stock’s current price.

A number of other equities research analysts have also recently commented on MGAM. Berenberg Bank assumed coverage on Morgan Advanced Materials in a research note on Wednesday, October 22nd. They issued a “buy” rating and a GBX 250 price objective for the company. Deutsche Bank Aktiengesellschaft decreased their price objective on Morgan Advanced Materials from GBX 250 to GBX 235 and set a “hold” rating for the company in a report on Friday, September 5th. Finally, Citigroup dropped their target price on Morgan Advanced Materials from GBX 265 to GBX 240 and set a “buy” rating on the stock in a report on Friday, August 8th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Morgan Advanced Materials has a consensus rating of “Moderate Buy” and a consensus target price of GBX 233.75.

Morgan Advanced Materials Price Performance

Shares of LON MGAM opened at GBX 194 on Tuesday. The firm has a market capitalization of £538.61 million, a P/E ratio of 19.80, a P/E/G ratio of 0.51 and a beta of 1.34. The firm’s 50-day moving average price is GBX 208.16 and its 200-day moving average price is GBX 213.11. 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 167 and a 1-year high of GBX 281.50.

Insider Buying and Selling

In related news, insider Jane Ann Lodge bought 25,000 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were purchased at an average cost of GBX 206 per share, for a total transaction of £51,500. Corporate insiders own 1.21% of the company’s stock.

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.