Morgan Advanced Materials (LON:MGAM) Now Covered by Berenberg Bank

Key Points

• Berenberg Bank has initiated coverage of Morgan Advanced Materials with a "buy" rating and a price target of GBX 250, suggesting a potential upside of 19.90%.
• Deutsche Bank and Citigroup both recently adjusted their price targets downward, with Deutsche Bank setting a new target of GBX 235 and maintaining a "hold" rating.
• Insider Jane Ann Lodge purchased 25,000 shares of the company at an average price of GBX 206, reflecting confidence in the stock.

Equities research analysts at Berenberg Bank assumed coverage on shares of Morgan Advanced Materials (LON:MGAM - Get Free Report) in a report released on Wednesday, MarketBeat Ratings reports. The brokerage set a "buy" rating and a GBX 250 price target on the stock. Berenberg Bank's target price indicates a potential upside of 19.90% from the stock's current price.

A number of other analysts also recently weighed in on the company. Deutsche Bank Aktiengesellschaft decreased their price target on Morgan Advanced Materials from GBX 250 to GBX 235 and set a "hold" rating on the stock in a research note on Friday, September 5th. Citigroup decreased their price objective on shares of Morgan Advanced Materials from GBX 265 to GBX 240 and set a "buy" rating on the stock in a report on Friday, August 8th. Finally, 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. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of GBX 243.75.

Morgan Advanced Materials Stock Performance

Morgan Advanced Materials stock traded up GBX 1.50 during trading hours on Wednesday, reaching GBX 208.50. 1,452,274 shares of the stock were exchanged, compared to its average volume of 1,194,641. The stock has a market cap of £579.90 million, a P/E ratio of 21.28, a P/E/G ratio of 0.51 and a beta of 1.34. The firm's 50 day moving average is GBX 212.49 and its 200 day moving average is GBX 210.66. The company has a debt-to-equity ratio of 103.31, a quick ratio of 1.26 and a current ratio of 2.19. Morgan Advanced Materials has a 52-week low of GBX 167 and a 52-week high of GBX 281.50.

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

Insider Transactions at Morgan Advanced Materials

In other Morgan Advanced Materials news, insider Jane Ann Lodge purchased 25,000 shares of Morgan Advanced Materials stock in a transaction on Tuesday, September 2nd. The shares were bought at an average price of GBX 206 per share, with a total value of £51,500. Insiders own 1.20% 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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