Morgan Advanced Materials Cancels Further Shares Under Ongoing Buyback Programme

Morgan Advanced Materials ( (GB:MGAM) ) just unveiled an announcement.

Morgan Advanced Materials has continued its share buyback activity, repurchasing 22,988 ordinary shares on 30 December 2025 via Investec Bank at prices between 217p and 220p, with a volume-weighted average price of 218.8966p on the London Stock Exchange. The company plans to cancel these shares as part of the buyback programme launched in November 2024, a move that reduces its share capital and may enhance earnings per share and capital returns for existing shareholders, underlining management’s ongoing 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 PLC is a UK-listed specialist materials company that designs and manufactures advanced materials, including ceramics, composites and other engineered solutions, primarily serving industrial, energy, transportation and technology markets worldwide.

Average Trading Volume: 684,968

Technical Sentiment Signal: Sell

Current Market Cap: £601.6M

For a thorough assessment of MGAM stock, go to TipRanks’ Stock Analysis page.