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Morgan Advanced Materials ( (GB:MGAM) ) just unveiled an announcement.
Morgan Advanced Materials has repurchased 15,477 of its 25 pence ordinary shares on 7 January 2026 through Investec Bank at prices between 224.00p and 228.00p, with a volume-weighted average price of 226.3085p, as part of the share buyback programme it launched in November 2024. The company intends to cancel these shares, which will marginally reduce the number of shares in issue and can enhance earnings per share over time, underscoring management’s continued use of buybacks as a capital allocation tool to return value to shareholders and manage its capital structure.
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 specialist materials company focused on advanced ceramics, carbon and other engineered materials used in demanding industrial, energy, transportation and healthcare applications worldwide. The group targets sectors where high-performance, heat-resistant and electrical materials are critical to efficiency, reliability and safety, positioning it as a key supplier to OEMs and infrastructure operators.
Average Trading Volume: 692,694
Technical Sentiment Signal: Sell
Current Market Cap: £617.6M
For detailed information about MGAM stock, go to TipRanks’ Stock Analysis page.