tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Morgan Advanced Materials Cancels 22,912 Shares in Ongoing Buyback

Story Highlights
  • Morgan Advanced Materials repurchased 22,912 shares under its ongoing buyback programme.
  • The repurchased shares will be cancelled, reducing share count and potentially boosting EPS.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Morgan Advanced Materials Cancels 22,912 Shares in Ongoing Buyback

Claim 70% Off TipRanks This Holiday Season

Morgan Advanced Materials ( (GB:MGAM) ) has provided an update.

Morgan Advanced Materials has repurchased 22,912 of its own ordinary shares on 18 December 2025 via Investec Bank at prices between 212.50p and 216.00p, with a volume-weighted average price of 214.4131p, as part of the share buyback programme launched in November 2024. The company plans to cancel the repurchased shares, a move that will reduce the number of shares in issue and can enhance earnings per share and capital returns for investors, underlining its ongoing capital management strategy and confidence in its financial position.

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 specialising in advanced materials and components, notably ceramics, carbon and composites, which serve industrial, energy, transport and other high-performance applications worldwide.

Average Trading Volume: 682,187

Technical Sentiment Signal: Sell

Current Market Cap: £588.1M

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

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1