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Morgan Advanced Materials ( (GB:MGAM) ) just unveiled an announcement.
Morgan Advanced Materials PLC has executed a share buyback, purchasing 20,675 of its ordinary shares at a weighted average price of 227.6338 pence per share. This move, part of a previously announced buyback program, aims to cancel the acquired shares, potentially impacting the company’s stock value and shareholder equity.
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.
Morgan Advanced Materials scores well due to its strong valuation and positive technical indicators. The strategic share buyback program further supports the stock’s attractiveness. However, concerns over revenue growth and debt levels slightly temper the overall 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 of high-performance materials and components. The company’s primary products and services cater to sectors such as healthcare, electronics, and transportation, emphasizing innovation and technological advancement.
Average Trading Volume: 612,987
Technical Sentiment Signal: Sell
Current Market Cap: £638.9M
See more data about MGAM stock on TipRanks’ Stock Analysis page.