Morgan Advanced Materials Cancels Further Shares Under Ongoing Buyback

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

Morgan Advanced Materials has repurchased 22,935 of its 25 pence ordinary shares on 2 January 2026 via Investec Bank at a volume-weighted average price of 220.0245 pence, with trades executed on the London Stock Exchange within a price range of 216.50 to 222.50 pence. The company intends to cancel the shares as part of its ongoing share buyback programme launched in November 2024, a move that will modestly reduce its share count and may enhance earnings per share and capital efficiency for investors.

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 PLC is a UK-listed manufacturer specialising in advanced materials and engineered solutions, including ceramics, carbon and composites, for industrial, energy, transport and other technology-led markets worldwide.

Average Trading Volume: 676,941

Technical Sentiment Signal: Sell

Current Market Cap: £613.6M

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