Morgan Advanced Materials Cancels Further Shares Under Ongoing Buyback

Morgan Advanced Materials ( (GB:MGAM) ) has issued an announcement.

Morgan Advanced Materials has continued to execute its previously announced share buyback programme, repurchasing 11,731 ordinary shares on 9 January 2026 via Investec Bank at a volume‑weighted average price of 230.4341 pence. The company intends to cancel these shares, a move that marginally reduces the share count and can enhance earnings per share and capital returns for investors, underlining ongoing balance sheet strength and management’s capital allocation discipline.

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 composite materials used across industrial, energy, transportation and healthcare applications. The group targets high-performance, high-temperature and engineered solutions for global manufacturing and technology markets.

Average Trading Volume: 701,658

Technical Sentiment Signal: Hold

Current Market Cap: £638.2M

Find detailed analytics on MGAM stock on TipRanks’ Stock Analysis page.