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Morgan Advanced Materials ( (GB:MGAM) ) has shared an announcement.
Morgan Advanced Materials PLC has announced the purchase of 15,033 of its ordinary shares at prices ranging from 216.50 to 220.00 pence, with a weighted average price of 218.6627 pence. This transaction is part of a buyback program initiated in November 2024, and the company intends to cancel the purchased shares, potentially impacting its share value and market positioning.
The most recent analyst rating on (GB:MGAM) stock is a Buy with a £350.00 price target. To see the full list of analyst forecasts on Morgan Advanced Materials stock, see the GB:MGAM Stock Forecast page.
Spark’s Take on GB:MGAM Stock
According to Spark, TipRanks’ AI Analyst, GB:MGAM is a Outperform.
Morgan Advanced Materials benefits from strong corporate actions such as share buybacks, enhancing shareholder value. The company’s valuation is appealing with a fair P/E ratio and high dividend yield. While financial performance shows stable operations, growth in revenue and net income remains a challenge. Technical indicators reflect a bullish sentiment, supporting the stock’s current positive trend.
To see Spark’s full report on GB:MGAM stock, click here.
More about Morgan Advanced Materials
Morgan Advanced Materials PLC operates in the advanced materials industry, providing products and services that focus on high-performance materials and components. The company is known for its expertise in ceramics, carbon, and composites, catering to a diverse range of sectors including aerospace, automotive, and healthcare.
Average Trading Volume: 834,487
Technical Sentiment Signal: Sell
Current Market Cap: £611M
See more data about MGAM stock on TipRanks’ Stock Analysis page.