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Morgan Advanced Materials PLC 16.9% Potential Upside Indicated by Berenberg

Morgan Advanced Materials PLC using EPIC/TICKER code (LON:MGAM) had its stock rating noted as ‘Upgrades’ with the recommendation being set at ‘BUY’ today by analysts at Berenberg. Morgan Advanced Materials PLC are listed in the Industrials sector within UK Main Market. Berenberg have set a target price of 420 GBX on its stock. This now indicates the analyst believes there is a possible upside of 16.9% from today’s opening price of 359.2 GBX. Over the last 30 and 90 trading days the company share price has increased 39.6 points and increased 16.8 points respectively. The 1 year high for the stock price is 367.24 GBX while the 52 week low for the stock is 284.9 GBX.

Morgan Advanced Materials PLC has a 50 day moving average of 343.98 GBX and a 200 Day Moving Average share price is recorded at 338.83. There are currently 285,369,984 shares in issue with the average daily volume traded being 487,809. Market capitalisation for LON:MGAM is £1,052,832,617 GBP.