Shares of Morgan Advanced Materials plc (LON:MGAM - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 214.63 and traded as low as GBX 214.50. Morgan Advanced Materials shares last traded at GBX 218.50, with a volume of 1,202,540 shares.
Analyst Ratings Changes
MGAM has been the subject of a number of research reports. Citigroup increased their price target on shares of Morgan Advanced Materials from GBX 230 to GBX 235 and gave the stock a "buy" rating in a research note on Thursday, March 12th. Royal Bank Of Canada reissued a "sector perform" rating and issued a GBX 210 price target on shares of Morgan Advanced Materials in a research note on Wednesday, March 4th. Finally, Berenberg Bank reissued a "buy" rating and issued a GBX 265 price target on shares of Morgan Advanced Materials in a research note on Wednesday, March 4th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Morgan Advanced Materials has an average rating of "Moderate Buy" and a consensus target price of GBX 236.25.
Check Out Our Latest Report on MGAM
Morgan Advanced Materials Stock Up 2.3%
The stock's 50 day simple moving average is GBX 211.99 and its two-hundred day simple moving average is GBX 214.63. The firm has a market cap of £617.79 million, a P/E ratio of 29.80, a P/E/G ratio of 0.51 and a beta of 1.19. The company has a debt-to-equity ratio of 113.93, a current ratio of 1.23 and a quick ratio of 1.26.
Morgan Advanced Materials (LON:MGAM - Get Free Report) last announced its earnings results on Tuesday, March 3rd. The company reported GBX 15.90 earnings per share for the quarter. Morgan Advanced Materials had a net margin of 2.12% and a return on equity of 6.66%. As a group, research analysts forecast that Morgan Advanced Materials plc 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 Damien Caby bought 14,000 shares of the firm's stock in a transaction on Thursday, March 5th. The stock was acquired at an average price of GBX 212 per share, with a total value of £29,680. Corporate insiders own 1.21% of the company's stock.
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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