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Morgan Advanced Materials ( (GB:MGAM) ) has provided an announcement.
Morgan Advanced Materials PLC announced the repurchase of 25,923 of its ordinary shares through Investec Bank plc, as part of a buyback program initiated in November 2024. The shares were purchased at prices ranging from 206.50 to 210.00 pence and will be canceled, potentially impacting the company’s share value and market perception.
The most recent analyst rating on (GB:MGAM) stock is a Hold with a £222.00 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 gross margins and efficient operations. However, concerns about revenue and net income growth, along with increasing debt levels, weigh on the score. The technical analysis suggests bearish momentum, but the valuation is supported by a reasonable P/E ratio and attractive dividend yield.
To see Spark’s full report on GB:MGAM stock, click here.
More about Morgan Advanced Materials
Average Trading Volume: 583,889
Technical Sentiment Signal: Strong Sell
Current Market Cap: £577.6M
Find detailed analytics on MGAM stock on TipRanks’ Stock Analysis page.