Morgan Advanced Materials PLC Receives Average Rating of “Hold” from Analysts (LON:MGAM)
Resource from: Financial Wisdom Works Likes:194
Aug 31,2015
Shares of Morgan Advanced Materials PLC (LON:MGAM) have earned a consensus recommendation of “Hold” from the eleven analysts that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 347.50 ($5.45).
Morgan Advanced Materials PLC (LON:MGAM) traded up 0.93% during trading on Monday, hitting GBX 335.00. The company had a trading volume of 352,612 shares. The firm has a 50-day moving average of GBX 339.86 and a 200 day moving average of GBX 336.89. Morgan Advanced Materials PLC has a 12-month low of GBX 258.10 and a 12-month high of GBX 375.84.
The business also recently announced a dividend, which will be paid on Friday, November 27th. Investors of record on Thursday, November 5th will be issued a dividend of GBX 4 ($0.06) per share. The ex-dividend date of this dividend is Thursday, November 5th. This represents a yield of 1.17%.
Several analysts recently commented on MGAM shares. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 325 ($5.09) price objective on shares of Morgan Advanced Materials PLC in a research report on Wednesday, May 20th. Investec restated a “buy” rating and set a GBX 380 ($5.95) target price (up previously from GBX 360 ($5.64)) on shares of Morgan Advanced Materials PLC in a research report on Wednesday, May 20th. Barclays reaffirmed an “equal weight” rating and set a GBX 350 ($5.48) price objective on shares of Morgan Advanced Materials PLC in a research note on Wednesday, May 20th. Berenberg Bank reissued a “buy” rating and issued a GBX 390 ($6.11) target price on shares of Morgan Advanced Materials PLC in a research note on Friday, May 22nd. Finally, Credit Suisse reaffirmed an “underperform” rating on shares of Morgan Advanced Materials PLC in a research report on Monday, July 20th.
Morgan Advanced Materials plc is a United Kingdom-based firm engaged in supplying products made from highly specialized materials that are advanced. The Company is concentrated on specialist ceramics, carbon and composites. The Company operates in markets, including electronics, petrochemical, transport, health care, energy, security and defense, and industrial marketplaces. The Company’s main products include insulating fiber, brick and monolithics range of high-temperature insulation products; electrical carbon, linear and rotary transport systems; seals and bearings; ceramic cores for investment casting; piezoelectric sensors and transducers; crucibles for metals processing, and High-technology complexes. The Business ‘s subsidiary companies include Morganite Crucible (LON:MGAM) Limited, Certech Inc., Morganite Industries Inc., Thermal Ceramics Inc., Morgan Technical Ceramics S.A. de C.V., Graphite Die Mold Inc., and Morgan Advanced Ceramics Inc., among others.
(Financial Wisdom Works)
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1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
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