Royal Bank of Canada Lowers Morgan Advanced Materials (LON:MGAM) Price Target to GBX 320

Morgan Advanced Materials (LON:MGAM) had its price objective lowered by Royal Bank of Canada from GBX 350 ($4.56) to GBX 320 ($4.17) in a research note published on Thursday, MarketBeat reports. Royal Bank of Canada currently has an outperform rating on the stock.

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

Morgan Advanced Materials Stock Down 0.4 %

MGAM stock traded down GBX 1 ($0.01) during mid-day trading on Thursday, hitting GBX 251 ($3.27). The stock had a trading volume of 1,185,992 shares, compared to its average volume of 753,013. The stock has a market capitalization of £714.25 million, a price-to-earnings ratio of 1,050.00, a PEG 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 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 fifty day moving average of GBX 270.46 and a 200 day moving average of GBX 300.78.

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.