Deutsche Bank Aktiengesellschaft Cuts Morgan Advanced Materials (LON:MGAM) Price Target to GBX 235

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 - Free Report) had its price objective decreased by Deutsche Bank Aktiengesellschaft from GBX 250 to GBX 235 in a report released on Friday, September 5th, MarketBeat.com reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

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

Morgan Advanced Materials Stock Up 0.5%

Shares of MGAM traded up GBX 1.13 during midday trading on Friday, reaching GBX 215.63. The stock had a trading volume of 712,703 shares, compared to its average volume of 1,297,475. Morgan Advanced Materials has a 1-year low of GBX 167 and a 1-year high of GBX 291. The company's fifty day simple moving average is GBX 216.66 and its two-hundred day simple moving average is GBX 209.91. The company has a market cap of £600.95 million, a price-to-earnings ratio of 2,200.31, a PEG ratio of 0.51 and a beta of 1.34. The company has a debt-to-equity ratio of 103.31, a current ratio of 2.19 and a quick ratio of 1.26.

Morgan Advanced Materials (LON:MGAM - Get Free Report) last announced its quarterly earnings data 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%. Equities research analysts expect that Morgan Advanced Materials will post 32.5 earnings per share for the current year.

Insider Transactions at Morgan Advanced Materials

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

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.