The Morgan Advanced Materials (LON:MGAM) share price has risen by 6.47% over the past month and it’s currently trading at 239. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue.
According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. In terms of trading recommendations, Morgan Advanced Materials currently has:
- 5 Buy recommendations
- 2 Hold recommendations
- 0 Sell recommendations
This suggests that analysts are generally positive about the outlook.
Beyond analyst recommendations
While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Morgan Advanced Materials it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Morgan Advanced Materials that you can find out about here.
Alternatively, if you'd like to find more shares that analysts are bullish about, you can find them on this Positive Momentum & Broker Buys screen.