Key Points
- Insider selling: Morgan Advanced Materials insider Richard Armitage sold 6,251 shares on Monday, May 11, for about £13,939.73 at an average price of GBX 223. He also sold an additional 33,105 shares the same day for £73,824.15.
- Stock performance: The shares were trading down 3.4% and opened at GBX 216, near their 50-day and 200-day moving averages. The stock has ranged from a 52-week low of GBX 167 to a high of GBX 251.50.
- Analyst view: Analysts are mixed on MGAM, with two Buy ratings and three Hold ratings. The consensus rating is Hold, and the average price target is GBX 235.
Morgan Advanced Materials plc (LON:MGAM - Get Free Report) insider Richard Armitage sold 6,251 shares of the firm's stock in a transaction on Monday, May 11th. The shares were sold at an average price of GBX 223, for a total value of £13,939.73.
Richard Armitage also recently made the following trade(s):
- On Monday, May 11th, Richard Armitage sold 33,105 shares of Morgan Advanced Materials stock. The stock was sold at an average price of GBX 223, for a total value of £73,824.15.
Morgan Advanced Materials Trading Down 3.4%
LON MGAM opened at GBX 216 on Wednesday. The business's fifty day moving average is GBX 210.22 and its 200-day moving average is GBX 215.50. The company has a debt-to-equity ratio of 113.93, a current ratio of 1.23 and a quick ratio of 1.26. The stock has a market capitalization of £597.06 million, a price-to-earnings ratio of 28.80, a PEG ratio of 0.51 and a beta of 1.21. Morgan Advanced Materials plc has a one year low of GBX 167 and a one year high of GBX 251.50.
Morgan Advanced Materials (LON:MGAM - Get Free Report) last posted its quarterly earnings results on Tuesday, March 3rd. The company reported GBX 15.90 earnings per share for the quarter. Morgan Advanced Materials had a net margin of 2.12% and a return on equity of 6.66%. Equities research analysts predict that Morgan Advanced Materials plc will post 32.5 EPS for the current year.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on MGAM shares. Royal Bank Of Canada restated a "sector perform" rating and set a GBX 210 price target on shares of Morgan Advanced Materials in a research note on Wednesday, March 4th. Berenberg Bank reiterated a "buy" rating and issued a GBX 265 price objective on shares of Morgan Advanced Materials in a research note on Wednesday, March 4th. Jefferies Financial Group reissued a "hold" rating and set a GBX 230 price objective on shares of Morgan Advanced Materials in a report on Thursday, May 7th. Finally, Citigroup raised their target price 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. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of GBX 235.
Check Out Our Latest Analysis on MGAM
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.
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