Morgan Advanced Materials (LON:MGAM) Insider Damien Caby Sells 6,599 Shares of Stock

Morgan Advanced Materials plc (LON:MGAM) insider Damien Caby sold 6,599 shares of the firm’s stock in a transaction on 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 bought 14,000 shares of Morgan Advanced Materials stock. The shares were purchased at an average price of GBX 212 per share, for a total transaction of £29,680.

Morgan Advanced Materials Stock Performance

LON MGAM opened at GBX 192.19 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 1.26 and a debt-to-equity ratio of 113.93. The firm’s fifty day moving average price is GBX 225.06 and its two-hundred day moving average price is GBX 215.89. Morgan Advanced Materials plc has a 1 year low of GBX 167 and a 1 year high of GBX 251.50. The firm has a market capitalization of £530.85 million, a P/E ratio of 19.61, a price-to-earnings-growth ratio of 0.51 and a beta of 1.16.

Morgan Advanced Materials (LON:MGAM) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported GBX 15.90 EPS for the quarter. Morgan Advanced Materials had a net margin of 2.12% and a return on equity of 6.66%. As a group, research analysts anticipate that Morgan Advanced Materials plc will post 32.5 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 210 price target on shares of Morgan Advanced Materials in a report on Wednesday, March 4th. Citigroup raised their price objective on Morgan Advanced Materials from GBX 230 to GBX 235 and gave the company a “buy” rating in a research report on Thursday, March 12th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 265 target price on shares of Morgan Advanced Materials in a research note on Wednesday, March 4th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Morgan Advanced Materials has a consensus rating of “Moderate Buy” and an average price target of GBX 236.25.

Morgan Advanced Materials Company Profile

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.