Morgan Advanced Materials PLC 11.5% potential upside indicated by RBC Capital Markets

Morgan Advanced Materials PLC with ticker (LON:MGAM) now has a potential upside of 11.5% according to RBC Capital Markets.



RBC Capital Markets set a target price of 375 GBX for the company, which when compared to the Morgan Advanced Materials PLC share price of 332 GBX at opening today (01/02/2022) indicates a potential upside of 11.5%. Trading has ranged between 292 (52 week low) and 419 (52 week high) with an average of 239,324 shares exchanging hands daily. The market capitalisation at the time of writing is £926,025,650.

Morgan Advanced Materials plc is a United Kingdom-based advanced manufacturing company with capabilities in three areas, including materials science, application engineering and customer focus. The Company’s products are produced within two divisions: Thermal Products division and Carbon and Technical Ceramics division. The Thermal Products division’s business units include Thermal Ceramics and Molten Metal Systems. The Carbon and Technical Ceramics division’s business units include Electrical Carbon and Technical Ceramics. The Thermal Ceramics business makes advanced ceramic products and systems for thermal insulation. The Molten Metal Systems manufactures crucibles and foundry consumables for non-ferrous metal melting applications. The Electrical Carbon business manufactures a range of electrical carbon brushes and collectors. The Technical Ceramics business engineers’ functional ceramic materials, components and sub-assemblies.