Morgan Advanced Materials (LON:MGAM) Earns “Sector perform” Rating from Royal Bank Of Canada

Morgan Advanced Materials (LON:MGAM)‘s stock had its “sector perform” rating reissued by stock analysts at Royal Bank Of Canada in a note issued to investors on Wednesday, MarketBeat reports. They presently have a GBX 210 target price on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 0.48% from the stock’s current price.

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 265 price target on shares of Morgan Advanced Materials in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Morgan Advanced Materials presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 237.50.

Morgan Advanced Materials Price Performance

Morgan Advanced Materials stock opened at GBX 209 on Wednesday. The business’s 50-day moving average price is GBX 230.55 and its 200 day moving average price is GBX 216.41. The company has a quick ratio of 1.26, a current ratio of 1.23 and a debt-to-equity ratio of 113.93. The firm has a market cap of £577.28 million, a price-to-earnings ratio of 21.33, a price-to-earnings-growth ratio of 0.51 and a beta of 1.16. Morgan Advanced Materials has a 52 week low of GBX 167 and a 52 week high of GBX 251.50.

Morgan Advanced Materials (LON:MGAM) last released 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%. As a group, sell-side analysts anticipate that Morgan Advanced Materials will post 32.5 earnings per share 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.