Morgan Advanced Materials Cancels Latest Tranche of Shares Under Ongoing Buyback

An update from Morgan Advanced Materials ( (GB:MGAM) ) is now available.

Morgan Advanced Materials has continued executing its share buyback programme, repurchasing 23,673 ordinary shares on 19 December 2025 through Investec Bank at a volume-weighted average price of 214.05 pence, with prices ranging between 212.50 and 215.50 pence per share. The company intends to cancel the repurchased shares, a move that marginally reduces the share count and can enhance earnings per share and capital returns for investors as Morgan Advanced Materials progresses with the buyback plan first announced in November 2024.

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 carbon, ceramic and composite materials used in a range of industrial, energy, transportation and technology applications.

Average Trading Volume: 685,544

Technical Sentiment Signal: Sell

Current Market Cap: £589.4M

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