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Morgan Advanced Materials (LON:MGAM) target price raised to 294.00GBX, reported today by Jefferies International

Morgan Advanced Materials (LON:MGAM) had its target price raised to 294.00GBX by Jefferies International in a report released Thursday September 22, 2016. The new target price indicates steady performance relative to the company's last stock close price.

Previously on 08/22/2016, JP Morgan Cazenove reported about Morgan Advanced Materials (LON:MGAM) held steady the target price at 255.00GBX. At the time, this indicated a possible downside of -0.13%.

Yesterday Morgan Advanced Materials (LON:MGAM) traded -0.32% lower at 0.00GBX. The company’s 50-day moving average is 287.62GBX and its 200-day moving average is 250.56GBX. The last stock close price is down 13.63% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 441,605 shares of the stock were exchanged, up from an average trading volume of 391,853

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Morgan Advanced Materials (LON:MGAM)

Morgan Advanced Materials has a 52 week low of 187.50GBX and a 52 week high of 311.93GBX with a P/E ratio of 26.61 The company’s market cap is currently 0 GBX.

About 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., among others.

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