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JP Morgan Cazenove announced Morgan Advanced Materials (LON:MGAM), upholding its stock price target at 255.00GBX today

Stating a possible downside of -0.13%, JP Morgan Cazenove held the estimated target of Morgan Advanced Materials (LON:MGAM) at 255GBX.

On 8/16/2016, HSBC reported about Morgan Advanced Materials(LON:MGAM) raised the target price from 270.00GBX to 310.00GBX that indicated a possible upside of 0.05%.

Boasting a price of 294.70GBX, Morgan Advanced Materials (LON:MGAM) traded 0.83% lower on the day. With the last stock price close up 15.31% from the 200-day average, compared to the S&P 500 which has decreased -0.01% over the same time period. MGAM has been tracking to a 50-day average of 286.69GBX and 200-day average of 249.25GBX. Trade volume was was up over the average, with 628,846 shares of MGAM changing hands over the typical 407,711 shares.

See Graph Below:

Morgan Advanced Materials (LON:MGAM)

Morgan Advanced Materials has a one-year low of 187.50GBX and a one-year high of 317.50GBX with a PE ratio of 27. The company’s market capitalization is presently 0.0 GBX.

Brief Synopsis On Morgan Advanced Materials (LON:MGAM)

Morgan Advanced Materials plc, formerly The Morgan Crucible Company plc, is a United Kingdom-based engineering company. The Company is engaged in advanced materials science and engineering of ceramics, carbon and composites. The Company’s segments include North America, Europe and Asia/Rest of World. The Company’s principal products include insulating fibers, electrical carbon transfer systems, seals and bearings, ceramic cores, piezoelectric sensors, crucibles for metals processing and high technology composites. The Company serves various markets, such as healthcare, petrochemicals, transport, electronics, energy, security and industrial. The Company has approximately 85 manufacturing sites across over 30 countries. The Company’s subsidiaries include Morgan Thermal Ceramics Deutschland GmbH, Morgan Materials Hungary Limited Liability Company, Morgan Advanced Materials Haldenwanger GmbH and Morgan Advanced Materials and Technology Inc., and among others.

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