Morgan Advanced Materials (LON:MGAM) Price Target Lowered to GBX 265 at Royal Bank of Canada

Morgan Advanced Materials (LON:MGAM) had its price target reduced by investment analysts at Royal Bank of Canada from GBX 320 ($4.09) to GBX 265 ($3.39) in a research report issued to clients and investors on Monday,Digital Look reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 23.26% from the company’s current price.

Separately, Citigroup raised their price objective on Morgan Advanced Materials from GBX 325 ($4.16) to GBX 330 ($4.22) and gave the stock a “buy” rating in a research note on Thursday, January 23rd.

Morgan Advanced Materials Stock Performance

MGAM opened at GBX 215 ($2.75) on Monday. The company has a market capitalization of £606.05 million, a price-to-earnings ratio of 8.85, a price-to-earnings-growth ratio of 0.51 and a beta of 1.34. The company has a debt-to-equity ratio of 103.31, a current ratio of 2.19 and a quick ratio of 1.26. Morgan Advanced Materials has a 1-year low of GBX 198 ($2.53) and a 1-year high of GBX 347 ($4.44). The business has a 50 day moving average price of GBX 263.22 and a two-hundred day moving average price of GBX 269.48.

Morgan Advanced Materials (LON:MGAM) last released its earnings results on Friday, February 28th. The company reported GBX 25.50 ($0.33) earnings per share for the quarter. Morgan Advanced Materials had a return on equity of 19.02% and a net margin of 6.17%. Research analysts predict that Morgan Advanced Materials will post 32.5 EPS for the current fiscal year.

Morgan Advanced Materials Company Profile

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.