In a report released today, Andrew Douglas from Jefferies maintained a Hold rating on Morgan Advanced Materials, with a price target of p220.00.
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Andrew Douglas has given his Hold rating due to a combination of factors affecting Morgan Advanced Materials. The company’s interim results for the first half of 2025 did not meet market expectations, and management has projected additional start-up costs for a new semiconductor plant in the fiscal year 2026, which are anticipated to affect profit margins and earnings.
Despite the stock being undervalued and having potential for recovery in the medium term, the new CEO faces significant challenges with no immediate solutions in sight. Consequently, earnings per share forecasts have been revised downward for the fiscal years 2025 through 2027. Given these circumstances, the Hold rating is maintained with a new price target of 220p.
Douglas covers the Industrials sector, focusing on stocks such as Bodycote, IMI plc, and Severfield. According to TipRanks, Douglas has an average return of 5.4% and a 59.49% success rate on recommended stocks.
In another report released on August 8, Barclays also maintained a Hold rating on the stock with a £2.10 price target.