Morgan Advanced Materials PLC 18.4% potential upside indicated by Berenberg Bank

Morgan Advanced Materials PLC with ticker (LON:MGAM) now has a potential upside of 18.4% according to Berenberg Bank.



Berenberg Bank set a target price of 425 GBX for the company, which when compared to the Morgan Advanced Materials PLC share price of 347 GBX at opening today (20/01/2022) indicates a potential upside of 18.4%. Trading has ranged between 277 (52 week low) and 419 (52 week high) with an average of 238,328 shares exchanging hands daily. The market capitalisation at the time of writing is £998,794,650.

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.