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

Morgan Advanced Materials plc (LON:MGAM) insider Damien Caby purchased 14,000 shares of the 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 Trading Down 3.9%

LON MGAM opened at GBX 200.84 on Monday. The company has a market cap of £554.74 million, a P/E ratio of 20.49, a P/E/G ratio of 0.51 and a beta of 1.16. Morgan Advanced Materials plc has a 12 month low of GBX 167 and a 12 month 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 company has a 50-day moving average of GBX 230.38 and a 200-day moving average of GBX 216.60.

Morgan Advanced Materials (LON:MGAM) last released its 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%. As a group, equities analysts predict that Morgan Advanced Materials plc will post 32.5 earnings per share for the current year.

Wall Street Analyst Weigh In

MGAM has been the subject of several research reports. Berenberg Bank reissued a “buy” rating and set a GBX 265 price objective on shares of Morgan Advanced Materials in a research note on Wednesday, March 4th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 210 target price on shares of Morgan Advanced Materials in a research report on Wednesday, March 4th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.