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Morgan Advanced Materials ( (GB:MGAM) ) has shared an update.
Morgan Advanced Materials PLC announced the purchase of 20,790 of its ordinary shares as part of a buyback program initiated in November 2024. The shares were acquired at prices ranging from 227.00 to 232.50 pence and will be canceled, potentially enhancing shareholder value by reducing the number of shares outstanding.
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 Outperform.
The overall score of 74 reflects Morgan Advanced Materials’ strong technical indicators and valuation, supported by positive corporate events like share buybacks. Financial performance is stable but shows areas needing improvement, such as revenue growth and debt management.
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 various sectors, including transportation, healthcare, and industrial markets, providing solutions that enhance the efficiency and performance of its clients’ operations.
Average Trading Volume: 603,152
Technical Sentiment Signal: Sell
Current Market Cap: £640.5M
For a thorough assessment of MGAM stock, go to TipRanks’ Stock Analysis page.