Home » Reports » Morgan Advanced Materials PLC 8.9% Potential Decrease Indicated by RBC Capital Markets

Morgan Advanced Materials PLC 8.9% Potential Decrease Indicated by RBC Capital Markets

Morgan Advanced Materials PLC with EPIC/TICKER (LON:MGAM) has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘UNDERPERFORM’ this morning by analysts at RBC Capital Markets. Morgan Advanced Materials PLC are listed in the Industrials sector within UK Main Market. RBC Capital Markets have set their target price at 280 GBX on its stock. This now indicates the analyst believes there is a potential downside of -8.9% from the opening price of 307.4 GBX. Over the last 30 and 90 trading days the company share price has decreased 9.6 points and increased 67.6 points respectively. The 52 week high share price is 339.4 GBX while the year low share price is currently 228.92 GBX.

Morgan Advanced Materials PLC has a 50 day moving average of 302.64 GBX and a 200 Day Moving Average share price is recorded at 271.20. There are currently 4,858,254,963 shares in issue with the average daily volume traded being 438,974. Market capitalisation for LON:MGAM is £909,188,518 GBP.

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