Home » Reports » Morgan Advanced Materials PLC 33.7% Potential Upside Indicated by HSBC

Morgan Advanced Materials PLC 33.7% Potential Upside Indicated by HSBC

Morgan Advanced Materials PLC using EPIC/TICKER code (LON:MGAM) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ this morning by analysts at HSBC. Morgan Advanced Materials PLC are listed in the Industrials sector within UK Main Market. HSBC have set their target price at 350 GBX on its stock. This is indicating the analyst believes there is a potential upside of 33.7% from the opening price of 261.8 GBX. Over the last 30 and 90 trading days the company share price has increased 0.8 points and decreased 10.2 points respectively. The 1 year high for the share price is 370 GBX while the year low share price is currently 241.8 GBX.

Morgan Advanced Materials PLC has a 50 day moving average of 268.94 GBX and a 200 Day Moving Average share price is recorded at 309.03. There are currently 285,369,988 shares in issue with the average daily volume traded being 513,066. Market capitalisation for LON:MGAM is £751,664,562 GBP.

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