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The latest announcement is out from Morgan Advanced Materials ( (GB:MGAM) ).
Morgan Advanced Materials PLC has repurchased 19,420 of its ordinary shares at an average price of 217.9519 pence per share as part of a buyback programme initiated in November 2024. The company plans to cancel the repurchased shares, a move that could potentially enhance shareholder value by reducing the number of shares outstanding and possibly increasing earnings per share.
The most recent analyst rating on (GB:MGAM) stock is a Hold with a £325.00 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 Outperform.
Morgan Advanced Materials scores well due to a strong valuation and positive technical indicators, supported by strategic corporate actions like share buybacks. However, the lack of revenue growth and high capital expenditures pose risks. The stock’s attractive valuation and income potential make it appealing, but financial performance needs monitoring.
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 components. The company serves a variety of sectors, including healthcare, electronics, and transportation, providing solutions that enhance the performance and efficiency of its clients’ products.
Average Trading Volume: 709,367
Technical Sentiment Signal: Sell
Current Market Cap: £618.8M
See more data about MGAM stock on TipRanks’ Stock Analysis page.