Morgan Advanced Materials PLC (LON:MGAM) Receives Average Rating of “Buy” from Analysts

Shares of Morgan Advanced Materials PLC (LON:MGAM) have been given a consensus recommendation of “Buy” by the seven analysts that are currently covering the company, reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is GBX 310.83 ($4.06).

MGAM has been the subject of a number of analyst reports. Peel Hunt reaffirmed a “buy” rating on shares of Morgan Advanced Materials in a research report on Monday, July 22nd. Jefferies Financial Group raised Morgan Advanced Materials to a “buy” rating and reduced their price objective for the company from GBX 365 ($4.77) to GBX 320 ($4.18) in a research report on Wednesday, July 24th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 330 ($4.31) price objective on shares of Morgan Advanced Materials in a research report on Tuesday, August 20th.

MGAM stock traded down GBX 1 ($0.01) on Friday, reaching GBX 248 ($3.24). 288,408 shares of the company traded hands, compared to its average volume of 413,500. Morgan Advanced Materials has a one year low of GBX 233.80 ($3.06) and a one year high of GBX 360 ($4.70). The company has a debt-to-equity ratio of 116.38, a current ratio of 1.43 and a quick ratio of 0.91. The company has a market cap of $707.72 million and a P/E ratio of 12.78. The firm has a fifty day simple moving average of GBX 254.22 and a 200-day simple moving average of GBX 262.01.

The firm also recently announced a dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, October 31st will be issued a GBX 4 ($0.05) dividend. This represents a dividend yield of 1.54%. The ex-dividend date is Thursday, October 31st. Morgan Advanced Materials’s payout ratio is 0.57%.

About Morgan Advanced Materials

Morgan Advanced Materials plc operates as an advanced materials science and engineering company that focuses on ceramics, carbon, and composites primarily in the United Kingdom. The company offers high-temperature insulating fiber products, microporous products, firebricks, monolithic products, heat shields, fired refractory shapes, and structural block insulation products; crucibles, foundry products, and furnace industries furnace ranges; and seals and bearings, as well as general pump components, such as shafts, vanes, rotors, and washers.

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Analyst Recommendations for Morgan Advanced Materials (LON:MGAM)

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