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 business’s stock in a transaction dated Monday, March 23rd. The stock was 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 acquired 14,000 shares of Morgan Advanced Materials stock. The stock was acquired at an average price of GBX 212 per share, with a total value of £29,680.

Morgan Advanced Materials Stock Performance

LON MGAM traded up GBX 0.40 during trading hours on Tuesday, reaching GBX 192.20. 800,082 shares of the company were exchanged, compared to its average volume of 1,582,897. Morgan Advanced Materials plc has a 1 year low of GBX 167 and a 1 year high of GBX 251.50. The business’s 50 day simple moving average is GBX 225.78 and its 200-day simple moving average is GBX 215.98. The company has a quick ratio of 1.26, a current ratio of 1.23 and a debt-to-equity ratio of 113.93. The stock has a market capitalization of £530.88 million, a P/E ratio of 19.61, a P/E/G ratio of 0.51 and a beta of 1.16.

Morgan Advanced Materials (LON:MGAM) last posted its quarterly earnings results 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%. On average, equities research analysts expect 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 subject of several research 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 research note on Wednesday, March 4th. Citigroup increased 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. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 265 target price 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 company. Based on data from MarketBeat.com, Morgan Advanced Materials has a consensus rating of “Moderate Buy” and a consensus target price of GBX 236.25.

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.