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The latest update is out from Morgan Advanced Materials ( (GB:MGAM) ).
Morgan Advanced Materials PLC has executed a share buyback program, purchasing 20,629 of its ordinary shares at prices ranging from 217.50 to 220.00 pence per share, with a weighted average price of 219.3036 pence. The company plans to cancel these shares, which is part of a broader buyback initiative announced in November 2024, potentially impacting its capital structure and shareholder value.
The most recent analyst rating on (GB:MGAM) stock is a Hold with a £231.00 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 high capital expenditures impacting cash flow, weigh on the score. Technical indicators suggest a neutral to slightly positive outlook, while the valuation is moderate with an attractive dividend yield. The absence of earnings call and corporate events data limits further insights.
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 caters to a variety of sectors, including healthcare, transportation, and energy, providing solutions that enhance the performance and efficiency of customer applications.
Average Trading Volume: 568,333
Technical Sentiment Signal: Sell
Current Market Cap: £616.6M
Learn more about MGAM stock on TipRanks’ Stock Analysis page.