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

Morgan Advanced Materials (LON:MGAM) had its price target trimmed by Royal Bank of Canada from GBX 350 ($4.56) to GBX 320 ($4.17) in a research report sent to investors on Thursday morning, Marketbeat.com reports. The firm currently has an outperform rating on the stock.

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

Morgan Advanced Materials Stock Performance

Morgan Advanced Materials stock opened at GBX 251 ($3.27) on Thursday. 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 market cap of £714.25 million, a PE ratio of 1,045.83, a PEG ratio of 0.51 and a beta of 1.34. The company’s 50-day moving average is GBX 269.30 and its two-hundred day moving average is GBX 300.53.

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.