Royal Bank of Canada Has Lowered Expectations for Morgan Advanced Materials (LON:MGAM) Stock Price

Morgan Advanced Materials (LON:MGAM) had its price objective reduced by equities researchers at Royal Bank of Canada from GBX 350 ($4.56) to GBX 320 ($4.17) in a note issued to investors on Thursday, MarketBeat Ratings reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 27.49% from the stock’s previous close.

Separately, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Morgan Advanced Materials from GBX 335 ($4.36) to GBX 320 ($4.17) and set a “hold” rating on the stock in a research note on Friday, September 13th.

Morgan Advanced Materials Trading Down 0.4 %

MGAM opened at GBX 251 ($3.27) on Thursday. The company has a fifty day moving average price of GBX 269.30 and a two-hundred day moving average price of GBX 300.53. Morgan Advanced Materials has a 1-year low of GBX 231.81 ($3.02) and a 1-year high of GBX 347 ($4.52). The company has a market cap of £714.25 million, a P/E ratio of 1,045.83, a price-to-earnings-growth ratio of 0.51 and a beta of 1.34. The company has a current ratio of 2.19, a quick ratio of 1.26 and a debt-to-equity ratio of 93.89.

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.