Morgan Advanced Materials (LON:MGAM) Insider Damien Caby Purchases 14,000 Shares

Morgan Advanced Materials plc (LON:MGAM) insider Damien Caby purchased 14,000 shares of the company’s stock in a transaction on Thursday, March 5th. The stock was acquired at an average price of GBX 212 per share, with a total value of £29,680.

Morgan Advanced Materials Stock Down 3.6%

Shares of LON MGAM opened at GBX 201.50 on Tuesday. Morgan Advanced Materials plc has a 12-month low of GBX 167 and a 12-month high of GBX 251.50. The stock has a market cap of £556.57 million, a P/E ratio of 20.56, a PEG ratio of 0.51 and a beta of 1.16. 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 business’s fifty day simple moving average is GBX 230.06 and its 200-day simple moving average is GBX 216.57.

Morgan Advanced Materials (LON:MGAM) last issued 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 return on equity of 6.66% and a net margin of 2.12%. As a group, equities analysts predict that Morgan Advanced Materials plc will post 32.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MGAM has been the subject of several analyst reports. 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. Berenberg Bank restated a “buy” rating and issued a GBX 265 price objective on shares of Morgan Advanced Materials in a report on Wednesday, March 4th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 237.50.

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.