Morgan Advanced Materials (LON:MGAM) Insider Acquires £29,680 in Stock

Morgan Advanced Materials plc (LON:MGAM) insider Damien Caby purchased 14,000 shares of the company’s stock in a transaction dated 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 Up 0.5%

MGAM stock opened at GBX 210 on Thursday. The stock has a fifty day moving average of GBX 229.73 and a 200-day moving average of GBX 216.50. Morgan Advanced Materials plc has a fifty-two week low of GBX 167 and a fifty-two week high of GBX 251.50. The company has a market capitalization of £580.05 million, a price-to-earnings ratio of 21.43, a PEG ratio of 0.51 and a beta of 1.16. The company has a debt-to-equity ratio of 113.93, a quick ratio of 1.26 and a current ratio of 1.23.

Morgan Advanced Materials (LON:MGAM) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported GBX 15.90 earnings per share (EPS) 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 research analysts predict that Morgan Advanced Materials plc will post 32.5 earnings per share for the current year.

Analysts Set New Price Targets

MGAM has been the topic of a number of recent research reports. Berenberg Bank restated a “buy” rating and set a GBX 265 price target on shares of Morgan Advanced Materials in a research note on Wednesday, March 4th. Royal Bank Of Canada reiterated 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. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Morgan Advanced Materials presently has an average rating of “Moderate Buy” and a consensus target price of GBX 237.50.

About Morgan Advanced Materials

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.