Key Points
- Insider purchase: Damien Caby acquired 14,000 shares on March 5 at GBX 212 each, a £29,680 transaction.
- Share performance: Shares were down 3.6% and trading around GBX 201.50, with a market cap of ~£556.6M, P/E 20.56 and a 52‑week range of GBX 167–251.50.
- Analysts and earnings: The company reported Q EPS of GBX 15.90; analysts are split (two Buy, two Hold) with an average target of GBX 237.50 (range GBX 210–265).
Morgan Advanced Materials plc (LON:MGAM - Get Free Report) insider Damien Caby acquired 14,000 shares of the company's stock in a transaction on Thursday, March 5th. The shares were purchased at an average cost of GBX 212 per share, for a total transaction of £29,680.
Morgan Advanced Materials Stock Down 3.6%
Shares of LON MGAM opened at GBX 201.50 on Tuesday. The business has a 50-day moving average price of GBX 230.06 and a 200 day moving average price of GBX 216.57. The stock has a market cap of £556.57 million, a PE ratio of 20.56, a price-to-earnings-growth ratio of 0.51 and a beta of 1.16. The company has a quick ratio of 1.26, a current ratio of 1.23 and a debt-to-equity ratio of 113.93. Morgan Advanced Materials plc has a 52-week low of GBX 167 and a 52-week high of GBX 251.50.
Morgan Advanced Materials (LON:MGAM - Get Free Report) last released its quarterly earnings results on Tuesday, March 3rd. The company reported GBX 15.90 EPS for the quarter. Morgan Advanced Materials had a return on equity of 6.66% and a net margin of 2.12%. Equities research analysts forecast that Morgan Advanced Materials plc will post 32.5 earnings per share for the current year.
Analysts Set New Price Targets
A number of research analysts have commented on MGAM shares. Royal Bank Of Canada restated a "sector perform" rating and issued a GBX 210 price objective on shares of Morgan Advanced Materials in a research note on Wednesday, March 4th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 265 price objective on shares of Morgan Advanced Materials in a research note on Wednesday, March 4th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of GBX 237.50.
View Our Latest Stock Report on Morgan Advanced Materials
Morgan Advanced Materials Company Profile
(
Get Free Report)
Morgan Advanced Materials plc operates as a materials science and application engineering company primarily the United Kingdom. It serves customers in the industrial, transportation, petrochemical and chemical, energy, semiconductor and electronics, healthcare, and security and defense markets. The company was formerly known as The Morgan Crucible Company plc and changed its name to Morgan Advanced Materials plc in March 2013. Morgan Advanced Materials plc was founded in 1856 and is headquartered in Windsor, the United Kingdom.
Further Reading
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