Peel Hunt Seems to Have Gained Confidence In Morgan Advanced Materials (LON:MGAM), Upgrades Stocks

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Morgan Advanced Materials (LON:MGAM) Stock Upgrade

Analysts at the Peel Hunt equities division boosted shares of Morgan Advanced Materials (LON:MGAM) to a “Add” on 27 November. Peel Hunt currently has a target price per share of GBX 270.00 on MGAM or 8.17% more upside.

From a total of 11 analysts covering Morgan Advanced Materials (LON:MGAM) stock, 3 rate it a ”Buy”, 2 a “Sell”, and 6 a ”Hold”. This means that 27% of the ratings are positive. The highest target price is GBX 445 while the lowest target price is GBX 240. The mean of all analyst targets is GBX 302.91 with a 20.91% above today’s (GBX 250.53) stock price. Morgan Advanced Materials was the topic of 25 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Peel Hunt upgraded shares on November 27 to “Add” rating. Jefferies maintained shares with “Hold” rating and GBX 267 target share price in a report from a November 6. Numis Securities maintained MGAM stock in a recent report from November 13 with “Hold” rating. Canaccord Genuity maintained the rating on October 20. Canaccord Genuity has a “Buy” rating and a GBX 445 price target on shares. Finally, JP Morgan maintained the stock with “Neutral” rating in a report issued on a November 13.

The stock increased 0.05% or GBX 0.13 on November 27, striking GBX 250.53. Approximately 239,246 shares of stock traded hands. Morgan Advanced Materials PLC (LON:MGAM) has declined 26.36% since May 1, 2015 and is downtrending. It has underperformed by 25.47% the S&P500.

 Peel Hunt Seems to Have Gained Confidence In Morgan Advanced Materials (LON:MGAM), Upgrades Stocks

Morgan Advanced Materials plc is a United Kingdom firm engaged in supplying products made from highly technical advanced materials. The company has a market cap of 711.97 million GBP. The Firm is focused on specialist ceramics, carbon and composites. It has 43.98 P/E ratio. The Firm operates in markets, including healthcare, petrochemical, transportation, electronics, energy, security and defense, and industrial markets.

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