Morgan Advanced Materials Announces Share Buyback

An announcement from Morgan Advanced Materials ( (GB:MGAM) ) is now available.

Morgan Advanced Materials PLC has announced the repurchase of 21,777 of its ordinary shares at a weighted average price of 230.2138 pence per share, as part of its ongoing buyback program initiated in November 2024. The purchased shares will be canceled, which may impact the company’s share value and market positioning by potentially increasing earnings per share and enhancing shareholder value.

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 receives a solid score driven by its strong valuation metrics and positive technical indicators. The company’s financial performance is stable, though it faces challenges in revenue and net income growth. The share buyback program and positive analyst ratings further support the stock’s attractiveness.

To see Spark’s full report on GB:MGAM stock, click here.

More about Morgan Advanced Materials

Morgan Advanced Materials is a company operating in the materials industry, focusing on the production and supply of advanced materials and components. The company serves a variety of markets, including industrial, transportation, and healthcare sectors, by providing innovative solutions and products that enhance performance and efficiency.

Average Trading Volume: 604,945

Technical Sentiment Signal: Sell

Current Market Cap: £638M

Learn more about MGAM stock on TipRanks’ Stock Analysis page.