Is Morgan Advanced Materials (LON:MGAM) Now a ‘Buy’? UBS Upgrades Stock

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Morgan Advanced Materials (LON:MGAM) Stock Upgrade

Trading for shares of Morgan Advanced Materials (LON:MGAM) will be watched closely today, as UBS upgraded the stock to a solid rating of a “Neutral”. In addition to their ratings upgrade, UBS set a target of GBX 245.00 which was -1.88% higher.

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 20.83% above today’s (GBX 250.7) 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.

Approximately 326,659 shares of stock traded hands. Morgan Advanced Materials PLC (LON:MGAM) has declined 26.25% since May 6, 2015 and is downtrending. It has underperformed by 25.97% the S&P500.

 Is Morgan Advanced Materials (LON:MGAM) Now a ‘Buy’? UBS Upgrades Stock

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 715.42 million GBP. The Firm is focused on specialist ceramics, carbon and composites. It has 44.01 P/E ratio. The Firm operates in markets, including healthcare, petrochemical, transportation, electronics, energy, security and defense, and industrial markets.

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