Morgan Advanced Materials Updates Share Capital Following Buyback Cancellations

An update from Morgan Advanced Materials ( (GB:MGAM) ) is now available.

Morgan Advanced Materials has confirmed that, as of 31 January 2026, its issued share capital consists of 276,676,409 ordinary shares with full voting rights and 437,281 non-voting cumulative preference shares, with no shares held in treasury. The company also disclosed that it has bought back and cancelled 8,693,579 ordinary shares under its previously announced share buyback programme, which was paused after the completion of the second tranche on 9 January 2026; the updated ordinary share count now serves as the reference denominator for investors’ disclosure obligations under UK transparency rules, clarifying the ownership base and potentially supporting earnings per share and capital returns for shareholders.

The most recent analyst rating on (GB:MGAM) stock is a Hold with a £240.00 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 operational efficiency, but faces challenges in revenue and net income growth. The technical indicators show positive momentum, though caution is advised due to potential overbought conditions. The valuation is mixed, with a high P/E ratio but an attractive dividend yield. Corporate events, including share buybacks and strategic growth plans, positively impact the stock’s outlook.

To see Spark’s full report on GB:MGAM stock, click here.

More about Morgan Advanced Materials

Morgan Advanced Materials is a UK-listed specialist materials company that manufactures advanced ceramic, carbon and composite components for industrial, energy, transport and healthcare applications worldwide. Its products are typically used in high-performance, high-temperature and critical operating environments, and the group is a constituent of the London equity market with both ordinary and preference share classes.

Average Trading Volume: 665,832

Technical Sentiment Signal: Hold

Current Market Cap: £632.6M

See more data about MGAM stock on TipRanks’ Stock Analysis page.