Morgan Advanced Materials Executes Share Buyback Program

Morgan Advanced Materials ( (GB:MGAM) ) has issued an update.

Morgan Advanced Materials PLC announced the repurchase of 21,065 of its ordinary shares through Investec Bank plc, as part of a buyback program initiated in November 2024. The shares, purchased at prices ranging from 211.50 to 215.50 pence, will be canceled, potentially impacting the company’s share value and market positioning by reducing the number of shares in circulation.

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 has a stable operational foundation with efficient cost management and strong gross margins. The stock is attractively valued, making it appealing to investors seeking value. However, the lack of revenue growth and bearish technical indicators present challenges. Positive corporate actions such as share buybacks and insider purchases reflect management confidence but do not fully offset the need for improved revenue growth and technical momentum.

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 used in sectors such as electronics, energy, healthcare, and transportation.

Average Trading Volume: 1,029,987

Technical Sentiment Signal: Sell

Current Market Cap: £590.7M

Learn more about MGAM stock on TipRanks’ Stock Analysis page.