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

Morgan Advanced Materials (LON:MGAM) had its price objective trimmed by Royal Bank of Canada from GBX 320 ($4.07) to GBX 265 ($3.37) in a report released on Monday,Digital Look reports. The firm currently has an outperform rating on the stock.

Separately, Citigroup raised their price objective on shares of Morgan Advanced Materials from GBX 325 ($4.13) to GBX 330 ($4.19) and gave the stock a “buy” rating in a report on Thursday, January 23rd.

Morgan Advanced Materials Stock Performance

Shares of MGAM opened at GBX 214 ($2.72) on Monday. Morgan Advanced Materials has a 1 year low of GBX 198 ($2.52) and a 1 year high of GBX 347 ($4.41). The company has a debt-to-equity ratio of 103.31, a current ratio of 2.19 and a quick ratio of 1.26. The stock’s fifty day moving average price is GBX 264.28 and its two-hundred day moving average price is GBX 270.17. The firm has a market cap of £603.23 million, a PE ratio of 8.81, a PEG ratio of 0.51 and a beta of 1.34.

Morgan Advanced Materials (LON:MGAM) last released its quarterly earnings data on Friday, February 28th. The company reported GBX 25.50 ($0.32) EPS for the quarter. Morgan Advanced Materials had a net margin of 6.17% and a return on equity of 19.02%. On average, equities research analysts forecast that Morgan Advanced Materials will post 32.5 EPS for the current year.

About Morgan Advanced Materials

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.