Morgan Advanced Materials (LON:MGAM) Insider Sells £12,208.15 in Stock

Morgan Advanced Materials plc (LON:MGAM) insider Damien Caby sold 6,599 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of GBX 185, for a total value of £12,208.15.

Damien Caby also recently made the following trade(s):

• On Thursday, March 5th, Damien Caby acquired 14,000 shares of Morgan Advanced Materials stock. The shares were bought at an average price of GBX 212 per share, with a total value of £29,680.

Morgan Advanced Materials Price Performance

Shares of LON MGAM opened at GBX 199.80 on Friday. Morgan Advanced Materials plc has a 1-year low of GBX 167 and a 1-year high of GBX 251.50. 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 business’s fifty day moving average price is GBX 223.68 and its two-hundred day moving average price is GBX 215.66. The firm has a market capitalization of £551.87 million, a PE ratio of 20.39, a P/E/G ratio of 0.51 and a beta of 1.16.

Morgan Advanced Materials (LON:MGAM) last announced its quarterly 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%. On average, research analysts expect that Morgan Advanced Materials plc will post 32.5 EPS for the current year.

Analyst Upgrades and Downgrades

MGAM has been the subject of several recent analyst reports. Citigroup upped their target price on shares of 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 set a GBX 210 price target 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 price objective on shares of Morgan Advanced Materials in a research report on Wednesday, March 4th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently 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.