Morgan Advanced Materials plc (LON:MGAM - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday. The company traded as high as GBX 264 and last traded at GBX 258.50, with a volume of 814849 shares traded. The stock had previously closed at GBX 259.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their target price on Morgan Advanced Materials from GBX 210 to GBX 235 and gave the company a "hold" rating in a research report on Wednesday, August 19th. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 280 price objective on shares of Morgan Advanced Materials in a research report on Wednesday, September 16th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and set a GBX 250 target price on shares of Morgan Advanced Materials in a research report on Friday, September 18th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of GBX 246.
Check Out Our Latest Stock Report on MGAM
Morgan Advanced Materials Stock Down 0.2%
The stock's fifty day moving average price is GBX 240.69 and its 200 day moving average price is GBX 224.51. The company has a current ratio of 1.36, a quick ratio of 1.26 and a debt-to-equity ratio of 127.17. The stock has a market cap of £714.53 million, a P/E ratio of 39.17, a price-to-earnings-growth ratio of 0.51 and a beta of 1.22.
Morgan Advanced Materials (LON:MGAM - Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The company reported GBX 10.70 earnings per share (EPS) for the quarter. Morgan Advanced Materials had a return on equity of 5.79% and a net margin of 1.85%. As a group, research analysts forecast that Morgan Advanced Materials plc will post 32.5 earnings per share for the current fiscal year.
About Morgan Advanced Materials
(
Get Free Report)
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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