Royal Bank of Canada Reaffirms 'Sector Perform' Rating for Morgan Advanced Materials

Royal Bank of Canada has reaffirmed its 'sector perform' rating for Morgan Advanced Materials (LON:MGAM) in a recent research note. The bank's price objective on the stock is GBX 250, which represents a potential downside of 0.10% from the current market price.

This is not the first time analysts have commented on MGAM. Berenberg Bank has reaffirmed its 'buy' rating and issued a price target of GBX 280, while Deutsche Bank Aktiengesellschaft raised its target price to GBX 235 with a 'hold' rating.