Key Points
- Insider activity: Director Damien Caby sold 6,599 shares on March 23 at GBX 185 (≈£12,208) but had earlier bought 14,000 shares on March 5 at GBX 212 (≈£29,680), showing both buy and sell activity in March.
- Analyst outlook: Broker sentiment is mixed-to-positive with two Buy and two Hold ratings, a consensus "Moderate Buy" and an average target of GBX 236.25 (recent targets: Citigroup GBX 235, Berenberg GBX 265).
- Stock and financial snapshot: Shares trade around GBX 192 (12‑month range GBX 167–251.50), market cap ~£530.85M, P/E ~19.6, and the company reported quarterly EPS of GBX 15.90 with analysts forecasting FY EPS of 32.5.
Morgan Advanced Materials plc (LON:MGAM - Get Free Report) insider Damien Caby sold 6,599 shares of the company's stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of GBX 185, for a total transaction of £12,208.15.
Damien Caby also recently made the following trade(s):
- On Thursday, March 5th, Damien Caby purchased 14,000 shares of Morgan Advanced Materials stock. The shares were acquired at an average cost of GBX 212 per share, for a total transaction of £29,680.
Morgan Advanced Materials Price Performance
Shares of Morgan Advanced Materials stock opened at GBX 192.19 on Wednesday. Morgan Advanced Materials plc has a twelve month low of GBX 167 and a twelve month high of GBX 251.50. The company has a quick ratio of 1.26, a current ratio of 1.23 and a debt-to-equity ratio of 113.93. The company has a 50-day simple moving average of GBX 225.06 and a two-hundred day simple moving average of GBX 215.89. The stock has a market capitalization of £530.85 million, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 0.51 and a beta of 1.16.
Morgan Advanced Materials (LON:MGAM - Get Free Report) last announced its earnings results on Tuesday, March 3rd. The company reported GBX 15.90 earnings per share (EPS) for the quarter. Morgan Advanced Materials had a net margin of 2.12% and a return on equity of 6.66%. Analysts forecast that Morgan Advanced Materials plc will post 32.5 EPS for the current year.
Analysts Set New Price Targets
A number of brokerages recently issued reports on MGAM. Citigroup increased their price target on Morgan Advanced Materials from GBX 230 to GBX 235 and gave the stock a "buy" rating in a research report on Thursday, March 12th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a GBX 210 price objective on shares of Morgan Advanced Materials in a report on Wednesday, March 4th. Finally, Berenberg Bank reiterated a "buy" rating and set a GBX 265 target price on shares of Morgan Advanced Materials in a research report on Wednesday, March 4th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, Morgan Advanced Materials has an average rating of "Moderate Buy" and a consensus target price of GBX 236.25.
Read Our Latest Stock Analysis on Morgan Advanced Materials
About Morgan Advanced Materials
(
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.
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