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Morgan Advanced Materials ( (GB:MGAM) ) has provided an update.
Morgan Advanced Materials PLC has repurchased 22,777 of its ordinary shares at a weighted average price of 212.7076 pence per share as part of a buyback program announced in November 2024. The company intends to cancel these shares, which may impact its share capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:MGAM) stock is a Buy with a £350.00 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 receives a solid overall score due to its strong valuation metrics, supported by an attractive dividend yield and reasonable P/E ratio. Financial performance is stable but shows areas for improvement, particularly in revenue growth and cash flow optimization. Technical indicators support a neutral to slightly positive outlook, with no immediate red flags. The ongoing share buyback program is a positive corporate event, though it doesn’t directly impact the weighted score.
To see Spark’s full report on GB:MGAM stock, click here.
More about Morgan Advanced Materials
Morgan Advanced Materials PLC operates in the advanced materials industry, focusing on the production and supply of high-performance materials and solutions for a variety of sectors, including transportation, healthcare, and electronics.
Average Trading Volume: 818,170
Technical Sentiment Signal: Sell
Current Market Cap: £596.8M
Find detailed analytics on MGAM stock on TipRanks’ Stock Analysis page.