Morgan Advanced Materials PLC 17.6% Potential Upside Indicated by Citigroup

Broker Ratings
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Morgan Advanced Materials PLC with EPIC/TICKER (LON:MGAM) has had its stock rating noted as ‘Retains’ with the recommendation being set at ‘BUY’ today by analysts at Citigroup. Morgan Advanced Materials PLC are listed in the Industrials sector within UK Main Market. Citigroup have set their target price at 290 GBX on its stock. This is indicating the analyst believes there is a potential upside of 17.6% from the opening price of 246.5 GBX. Over the last 30 and 90 trading days the company share price has increased 41.5 points and decreased 11.5 points respectively. The 1 year high share price is 339.4 GBX while the 52 week low is 168.8 GBX.

Morgan Advanced Materials PLC has a 50 day moving average of 211.91 GBX and a 200 Day Moving Average share price is recorded at 264.28. There are currently 285,369,988 shares in issue with the average daily volume traded being 346,226. Market capitalisation for LON:MGAM is £694,875,706 GBP.

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    Morgan Advanced Materials announces a 3.8% sales rise for 2024 and launches a £40m share buy-back, despite market challenges impacting profit margins.

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