Morgan Advanced Materials plc (LON:MGAM - Get Free Report)'s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 214.97 and traded as low as GBX 203. Morgan Advanced Materials shares last traded at GBX 219.11, with a volume of 1,242,343 shares traded.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the company. Berenberg Bank reissued a "buy" rating and set a GBX 265 price target on shares of Morgan Advanced Materials in a report on Wednesday, March 4th. Royal Bank Of Canada reissued a "sector perform" rating and set a GBX 210 price target on shares of Morgan Advanced Materials in a report on Wednesday, March 4th. Finally, Citigroup boosted their price target on Morgan Advanced Materials from GBX 230 to GBX 235 and gave the stock a "buy" rating in a report on Thursday, March 12th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of GBX 236.25.
View Our Latest Research Report on Morgan Advanced Materials
Morgan Advanced Materials Price Performance
The firm has a market cap of £583.24 million, a P/E ratio of 28.13, a price-to-earnings-growth ratio of 0.51 and a beta of 1.19. The company has a current ratio of 1.23, a quick ratio of 1.26 and a debt-to-equity ratio of 113.93. The business has a 50-day moving average of GBX 218.65 and a two-hundred day moving average of GBX 214.97.
Morgan Advanced Materials (LON:MGAM - Get Free Report) last issued its quarterly earnings data on Tuesday, March 3rd. The company reported GBX 15.90 earnings per share for the quarter. Morgan Advanced Materials had a return on equity of 6.66% and a net margin of 2.12%. On average, sell-side analysts anticipate that Morgan Advanced Materials plc will post 32.5 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, insider Damien Caby sold 6,599 shares of the business's stock in a transaction on Monday, March 23rd. The stock was sold at an average price of GBX 185, for a total transaction of £12,208.15. 1.21% of the stock is owned by corporate insiders.
About Morgan Advanced Materials
(
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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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