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Morgan Advanced Materials ( (GB:MGAM) ) has issued an announcement.
Morgan Advanced Materials PLC announced the repurchase of 23,696 of its ordinary shares as part of a buyback program initiated in November 2024. The shares were purchased at prices ranging from 207.50 to 212.50 pence and will be canceled, potentially impacting the company’s share value and market perception by reducing the number of shares in circulation.
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.
The stock’s attractive valuation and positive technical indicators are the most significant strengths, supported by efficient operational performance. However, the lack of revenue growth and increasing debt levels are concerns that moderately affect the overall score.
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, focusing on the production and supply of high-performance materials and components. The company serves various sectors, including aerospace, automotive, and healthcare, providing innovative solutions that enhance the performance and efficiency of its clients’ products.
Average Trading Volume: 1,045,151
Technical Sentiment Signal: Sell
Current Market Cap: £615.8M
For a thorough assessment of MGAM stock, go to TipRanks’ Stock Analysis page.
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