Morgan Advanced Materials (LON:MGAM) Insider Purchases £51,500 in Stock

Key Points

• Insider Activity: Morgan Advanced Materials insider Jane Ann Lodge purchased 25,000 shares at an average price of GBX 206, totaling £51,500 on September 2nd.
• Stock Performance: The company's shares traded up 3.7%, with a current market cap of £572.76 million and trading between a 12-month low of GBX 167 and a high of GBX 309.50.
• Analyst Ratings: Recent reports have seen price target cuts by Citigroup and Royal Bank of Canada; however, the stock maintains a consensus rating of "Moderate Buy" with a target price of GBX 270.

Morgan Advanced Materials plc (LON:MGAM - Get Free Report) insider Jane Ann Lodge purchased 25,000 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were purchased at an average cost of GBX 206 per share, for a total transaction of £51,500.

Morgan Advanced Materials Trading Up 3.7%

Shares of MGAM opened at GBX 205.41 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 2.19 and a debt-to-equity ratio of 103.31. Morgan Advanced Materials plc has a 12-month low of GBX 167 and a 12-month high of GBX 309.50. The firm has a market capitalization of £572.76 million, a PE ratio of 1,173.75, a price-to-earnings-growth ratio of 0.51 and a beta of 1.34. The stock's fifty day simple moving average is GBX 218.12 and its 200-day simple moving average is GBX 213.02.

Morgan Advanced Materials (LON:MGAM - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported GBX 10.80 earnings per share (EPS) for the quarter. Morgan Advanced Materials had a return on equity of 19.02% and a net margin of 6.17%. As a group, research analysts predict that Morgan Advanced Materials plc will post 32.5 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on MGAM. Citigroup cut their price target on Morgan Advanced Materials from GBX 265 to GBX 240 and set a "buy" rating on the stock in a research note on Friday, August 8th. Royal Bank Of Canada cut their target price on Morgan Advanced Materials from GBX 275 to GBX 250 and set an "outperform" rating on the stock in a research note on Thursday, August 7th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of GBX 270.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.