Morgan Advanced Materials Buys Back and Cancels Further Shares Under Ongoing Programme

The latest announcement is out from Morgan Advanced Materials ( (GB:MGAM) ).

Morgan Advanced Materials has repurchased 22,730 of its own 25 pence ordinary shares on 6 January 2026 through Investec Bank at prices ranging between 219p and 223p, with a volume‑weighted average price of 221.0278p, as part of the share buyback programme launched in November 2024. The company intends to cancel the repurchased shares, a move that will modestly reduce its share count and can enhance earnings per share over time, signalling continuing capital returns to shareholders and confidence in the group’s valuation.

The most recent analyst rating on (GB:MGAM) stock is a Hold with a £228.00 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 Neutral.

Morgan Advanced Materials has a solid financial foundation with strong operational efficiency, but faces challenges in revenue and net income growth. The technical indicators show positive momentum, though caution is advised due to potential overbought conditions. The valuation is mixed, with a high P/E ratio but an attractive dividend yield. Corporate events, including share buybacks and strategic growth plans, positively impact the stock’s outlook.

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

More about Morgan Advanced Materials

Morgan Advanced Materials is a UK-listed engineering company that manufactures advanced materials and components, notably high-performance ceramics, carbon, and composite products for industrial, energy, transportation and other technology-driven markets worldwide.

Average Trading Volume: 676,192

Technical Sentiment Signal: Sell

Current Market Cap: £614.9M

For detailed information about MGAM stock, go to TipRanks’ Stock Analysis page.