Morgan Advanced Materials (LON:MGAM) Trading 0.4% Higher – Still a Buy?

Shares of Morgan Advanced Materials plc (LON:MGAM) were up 0.4% during trading on Wednesday . The stock traded as high as GBX 270.50 ($3.45) and last traded at GBX 269.02 ($3.43). Approximately 279,735 shares were traded during trading, a decline of 65% from the average daily volume of 804,164 shares. The stock had previously closed at GBX 268 ($3.42).

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on MGAM shares. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Morgan Advanced Materials from GBX 335 ($4.27) to GBX 320 ($4.08) and set a “hold” rating on the stock in a report on Friday, September 13th. Royal Bank of Canada lowered their target price on shares of Morgan Advanced Materials from GBX 350 ($4.46) to GBX 320 ($4.08) and set an “outperform” rating for the company in a research note on Thursday, November 7th.

Morgan Advanced Materials Stock Up 0.4 %

The firm has a market capitalization of £765.53 million, a price-to-earnings ratio of 1,120.93, a P/E/G ratio of 0.51 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. The company’s 50 day moving average price is GBX 258.53 and its 200 day moving average price is GBX 291.80.

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.