Morgan Advanced Materials PLC (LON:MGAM) insider Helen Bunch bought 1,103 shares of Morgan Advanced Materials stock in a transaction that occurred on Monday, November 11th. The shares were acquired at an average cost of GBX 269 ($3.51) per share, for a total transaction of £2,967.07 ($3,877.00).
Shares of MGAM stock opened at GBX 275.20 ($3.60) on Thursday. The stock’s 50-day simple moving average is GBX 248.35 and its 200-day simple moving average is GBX 256.71. The company has a debt-to-equity ratio of 116.38, a quick ratio of 0.91 and a current ratio of 1.43. The firm has a market capitalization of $795.79 million and a PE ratio of 14.19. Morgan Advanced Materials PLC has a fifty-two week low of GBX 228.92 ($2.99) and a fifty-two week high of GBX 287.60 ($3.76).
A number of brokerages have recently weighed in on MGAM. Bank of America cut their price objective on Morgan Advanced Materials from GBX 280 ($3.66) to GBX 270 ($3.53) and set a “neutral” rating on the stock in a report on Thursday, October 10th. Berenberg Bank reissued a “buy” rating and issued a GBX 330 ($4.31) price objective on shares of Morgan Advanced Materials in a report on Tuesday, August 20th. Royal Bank of Canada lowered Morgan Advanced Materials to an “underperform” rating in a report on Wednesday, October 9th. Jefferies Financial Group raised Morgan Advanced Materials to a “buy” rating and cut their price objective for the company from GBX 365 ($4.77) to GBX 320 ($4.18) in a report on Wednesday, July 24th. Finally, Peel Hunt reissued a “buy” rating on shares of Morgan Advanced Materials in a report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of GBX 319.29 ($4.17).
Morgan Advanced Materials plc operates as an advanced materials science and engineering company that focuses on ceramics, carbon, and composites primarily in the United Kingdom. The company offers high-temperature insulating fiber products, microporous products, firebricks, monolithic products, heat shields, fired refractory shapes, and structural block insulation products; crucibles, foundry products, and furnace industries furnace ranges; and seals and bearings, as well as general pump components, such as shafts, vanes, rotors, and washers.
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