Deutsche Bank Aktiengesellschaft Has Lowered Expectations for Morgan Advanced Materials (LON:MGAM) Stock Price

Key Points

• Deutsche Bank Aktiengesellschaft has reduced its price target for Morgan Advanced Materials from GBX 250 to GBX 235, maintaining a "hold" rating and suggesting a potential upside of 9.56% from the current stock price.
• Other brokerages, such as Royal Bank Of Canada and Citigroup, have also lowered their target prices for the stock, indicating a broader consensus around cautious outlooks for the company.
• Insider Jane Ann Lodge recently purchased 25,000 shares at an average price of GBX 206, signaling potential insider confidence despite the lowered expectations.

Morgan Advanced Materials (LON:MGAM - Get Free Report) had its price objective dropped by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 250 to GBX 235 in a research report issued on Friday,London Stock Exchange reports. The firm currently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective indicates a potential upside of 9.56% from the stock's current price.

Several other brokerages also recently weighed in on MGAM. Royal Bank Of Canada dropped their target price on shares of Morgan Advanced Materials from GBX 275 to GBX 250 and set an "outperform" rating for the company in a report on Thursday, August 7th. Citigroup dropped their price objective on Morgan Advanced Materials from GBX 265 to GBX 240 and set a "buy" rating for the company in a research note on Friday, August 8th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of GBX 241.67.

Morgan Advanced Materials Stock Up 4.3%

MGAM stock opened at GBX 214.50 on Friday. The company has a market cap of £597.80 million, a price-to-earnings ratio of 2,188.78, a P/E/G ratio of 0.51 and a beta of 1.34. The company has a debt-to-equity ratio of 103.31, a quick ratio of 1.26 and a current ratio of 2.19. The business's 50-day moving average is GBX 217.48 and its two-hundred day moving average is GBX 211.25. Morgan Advanced Materials has a fifty-two week low of GBX 167 and a fifty-two week high of GBX 297.

Morgan Advanced Materials (LON:MGAM - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported GBX 10.80 earnings per share for the quarter. Morgan Advanced Materials had a net margin of 6.17% and a return on equity of 19.02%. As a group, analysts forecast that Morgan Advanced Materials will post 32.5 earnings per share for the current year.

Insider Buying and Selling at Morgan Advanced Materials

In other Morgan Advanced Materials news, insider Jane Ann Lodge acquired 25,000 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was acquired at an average cost of GBX 206 per share, with a total value of £51,500. Company insiders own 1.14% 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.

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