Morgan Advanced Materials PLC 18.3% potential upside indicated by Jefferies

Morgan Advanced Materials PLC with ticker (LON:MGAM) now has a potential upside of 18.3% according to Jefferies.



Jefferies set a target price of 315 GBX for the company, which when compared to the Morgan Advanced Materials PLC share price of 266 GBX at opening today (16/02/2024) indicates a potential upside of 18.3%. Trading has ranged between 216 (52 week low) and 320 (52 week high) with an average of 422,747 shares exchanging hands daily. The market capitalisation at the time of writing is £769,072,150.

Morgan Advanced Materials plc is a United Kingdom-based manufacturer of advanced carbon and ceramic materials. Its segments include Thermal Ceramics, Molten Metal Systems, Electrical Carbon, Seals and Bearings and Technical Ceramics. The Thermal Ceramics segment includes products that are used in the industrial processing of metals, petrochemicals, cement, ceramics and glass, and by manufacturers in automotive, marine, aerospace, and domestic applications in insulation and fire protection. Its Molten Metal Systems segment manufactures a range of crucibles and foundry consumables for non-ferrous metal melting applications. Its Electrical Carbon segment products include electrical carbon brushes and collectors, brush holders, slip rings and linear transfer systems. Its Seals and Bearings segment includes products used in advanced carbon/graphite, silicon, carbide, alumina and zirconia materials. Technical Ceramics segment engineers functional and structural ceramic materials, and others.