Berenberg Bank Reaffirms “Buy” Rating for Morgan Advanced Materials (LON:MGAM)

Morgan Advanced Materials (LON:MGAM)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a research report issued to clients and investors on Wednesday, Marketbeat reports. They currently have a GBX 265 price objective on the stock. Berenberg Bank’s target price points to a potential upside of 26.79% from the stock’s current price.

Separately, Royal Bank Of Canada downgraded shares of Morgan Advanced Materials to a “sector perform” rating and lowered their price target for the company from GBX 250 to GBX 210 in a report on Tuesday, November 25th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 237.50.

Morgan Advanced Materials Stock Performance

LON:MGAM opened at GBX 209 on Wednesday. The stock has a 50-day simple moving average of GBX 230.55 and a two-hundred day simple moving average of GBX 216.41. Morgan Advanced Materials has a 52-week low of GBX 167 and a 52-week high of GBX 251.50. The company has a debt-to-equity ratio of 113.93, a quick ratio of 1.26 and a current ratio of 1.23. The firm has a market capitalization of £577.28 million, a PE ratio of 21.33, a P/E/G ratio of 0.51 and a beta of 1.16.

Morgan Advanced Materials (LON:MGAM) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported GBX 15.90 EPS for the quarter. Morgan Advanced Materials had a return on equity of 6.66% and a net margin of 2.12%. Analysts forecast that Morgan Advanced Materials will post 32.5 EPS for the current year.

Morgan Advanced Materials Company Profile

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. Morgan Advanced Materials plc was founded in 1856 and is headquartered in Windsor, the United Kingdom.