Morgan Advanced Materials’ (MGAM) Buy Rating Reaffirmed at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Morgan Advanced Materials (LON:MGAM) in a research report report published on Wednesday morning, MarketBeat Ratings reports. Berenberg Bank currently has a GBX 265 target price on the stock.

Separately, Royal Bank Of Canada cut shares of Morgan Advanced Materials to a “sector perform” rating and dropped their price target for the stock from GBX 250 to GBX 210 in a research note on Tuesday, November 25th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 237.50.

Morgan Advanced Materials Stock Performance

Morgan Advanced Materials stock opened at GBX 211.50 on Wednesday. Morgan Advanced Materials has a twelve month low of GBX 167 and a twelve month high of GBX 251.50. The company has a quick ratio of 1.26, a current ratio of 1.74 and a debt-to-equity ratio of 120.33. The company has a market capitalization of £584.19 million, a P/E ratio of 21.58, a PEG ratio of 0.51 and a beta of 1.16. The stock’s 50 day moving average is GBX 230.70 and its 200 day moving average is GBX 216.46.

Morgan Advanced Materials (LON:MGAM) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported GBX 15.90 earnings per share (EPS) for the quarter. Morgan Advanced Materials had a return on equity of 8.32% and a net margin of 2.66%. On average, equities research analysts predict that Morgan Advanced Materials will post 32.5 earnings per share for the current fiscal year.

More Morgan Advanced Materials News

Here are the key news stories impacting Morgan Advanced Materials this week:

• Positive Sentiment: Berenberg reiterated a “buy” and lifted its price target to GBX 265, a materially higher target than the current share level — a clear near-term bullish catalyst that can attract buyers and support upside. Berenberg Reaffirms Buy
• Neutral Sentiment: Royal Bank of Canada kept a “sector perform” rating with a GBX 210 target — essentially in line with the stock’s current trading level, signalling limited upside from RBC’s view. RBC Rating
• Neutral Sentiment: Investors Chronicle reports the group “continues to streamline affairs,” noting ongoing restructuring/portfolio simplification initiatives. These moves may improve long-term margins but could keep near-term costs and disruption elevated. Investors Chronicle
• Negative Sentiment: The Globe and Mail notes Morgan has “tightens portfolio as earnings slip in tough markets,” signalling weaker end-market demand and margin pressure — a negative near-term fundamental read that could limit multiple expansion. Globe and Mail
• Negative Sentiment: Latest quarterly results showed GBX 15.90 EPS, a net margin of 2.66% and ROE of 8.32%; management commentary and the slide deck point to pressure in some end markets. These results help explain caution among some investors and may cap upside until margin recovery is clearer. Earnings Release & Call

Morgan Advanced Materials Company Profile

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. Morgan Advanced Materials plc was founded in 1856 and is headquartered in Windsor, the United Kingdom.