Royal Bank Of Canada Reaffirms "Sector Perform" Rating for Morgan Advanced Materials (LON:MGAM)

Key Points

• Royal Bank of Canada reaffirmed its “Sector Perform” rating on Morgan Advanced Materials, maintaining a GBX 250 price target—roughly in line with the stock’s current price.
• Analyst sentiment is mixed: Berenberg maintained a “Buy” rating with a GBX 280 target, while Deutsche Bank rated the shares “Hold” with a GBX 235 target. The overall consensus is “Hold,” with a GBX 246 target price.
• Morgan Advanced Materials reported quarterly EPS of GBX 10.70, with a 1.85% net margin and 5.79% return on equity. Shares opened at GBX 250.24, near their 52-week high of GBX 261.

Morgan Advanced Materials (LON:MGAM - Get Free Report)'s stock had its "sector perform" rating reissued by research analysts at Royal Bank Of Canada in a research note issued to investors on Friday, London Stock Exchange reports. They presently have a GBX 250 price objective on the stock. Royal Bank Of Canada's price objective would indicate a potential downside of 0.10% from the company's current price.

A number of other research analysts also recently commented on MGAM. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 280 price target on shares of Morgan Advanced Materials in a research note on Wednesday. Deutsche Bank Aktiengesellschaft raised their target price on shares of Morgan Advanced Materials from GBX 210 to GBX 235 and gave the company a "hold" rating in a report on Wednesday, August 19th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of GBX 246.

Morgan Advanced Materials Price Performance

LON:MGAM opened at GBX 250.24 on Friday. Morgan Advanced Materials has a 52 week low of GBX 179.80 and a 52 week high of GBX 261. The company has a debt-to-equity ratio of 127.17, a quick ratio of 1.26 and a current ratio of 1.36. The firm's 50-day simple moving average is GBX 235.26 and its 200 day simple moving average is GBX 222.27. The firm has a market cap of £691.71 million, a price-to-earnings ratio of 37.92, a P/E/G ratio of 0.51 and a beta of 1.22.

Morgan Advanced Materials (LON:MGAM - Get Free Report) last announced its earnings results on Friday, August 7th. The company reported GBX 10.70 earnings per share (EPS) for the quarter. Morgan Advanced Materials had a net margin of 1.85% and a return on equity of 5.79%. As a group, sell-side analysts predict 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.

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