Morgan Advanced Materials (LON:MGAM) Price Target Lowered to GBX 320 at Deutsche Bank Aktiengesellschaft

Morgan Advanced Materials (LON:MGAM) had its price target cut by Deutsche Bank Aktiengesellschaft from GBX 335 ($4.43) to GBX 320 ($4.23) in a research note issued to investors on Friday, Marketbeat.com reports. They currently have a hold rating on the stock.

Morgan Advanced Materials Stock Down 2.1 %

Shares of LON MGAM opened at GBX 284 ($3.75) on Friday. The firm’s 50-day simple moving average is GBX 313.75 and its 200 day simple moving average is GBX 305.05. The company has a market cap of £808.15 million, a price-to-earnings ratio of 1,183.33, a price-to-earnings-growth ratio of 0.56 and a beta of 1.34. The company has a quick ratio of 1.26, a current ratio of 2.19 and a debt-to-equity ratio of 93.89. Morgan Advanced Materials has a 12-month low of GBX 215.50 ($2.85) and a 12-month high of GBX 347 ($4.58).

Morgan Advanced Materials Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 24th will be paid a GBX 5.40 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, October 24th. This represents a dividend yield of 1.71%. Morgan Advanced Materials’s dividend payout ratio (DPR) is presently 5,000.00%.

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.