Morgan Advanced Materials (LON:MGAM) Given New GBX 330 Price Target at Citigroup

Morgan Advanced Materials (LON:MGAM) had its target price hoisted by Citigroup from GBX 325 ($4.01) to GBX 330 ($4.08) in a research report sent to investors on Thursday morning, Marketbeat reports. The firm currently has a buy rating on the stock.

Separately, Royal Bank of Canada decreased their price target on shares of Morgan Advanced Materials from GBX 350 ($4.32) to GBX 320 ($3.95) and set an “outperform” rating for the company in a research note on Thursday, November 7th.

Morgan Advanced Materials Stock Performance

Shares of Morgan Advanced Materials stock opened at GBX 268 ($3.31) on Thursday. The company has a debt-to-equity ratio of 93.89, a current ratio of 2.19 and a quick ratio of 1.26. The firm has a market cap of £762.62 million, a price-to-earnings ratio of 1,116.67, a price-to-earnings-growth ratio of 0.51 and a beta of 1.34. Morgan Advanced Materials has a one year low of GBX 231.81 ($2.86) and a one year high of GBX 347 ($4.29). The stock’s 50-day moving average is GBX 264.16 and its 200-day moving average is GBX 281.82.

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.