Morgan Advanced Materials (MGAM) Share Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Morgan Advanced Materials in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" MGAM shares.
View MGAM analyst ratings or view top-rated stocks.

1 Wall Street research analysts have issued 1-year price targets for Morgan Advanced Materials' shares. Their MGAM share price forecasts range from GBX 370 to GBX 370. On average, they predict the company's share price to reach GBX 370 in the next twelve months. This suggests a possible upside of 53.2% from the stock's current price.
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Morgan Advanced Materials' stock was trading at GBX 314.50 on January 1st, 2023. Since then, MGAM shares have decreased by 23.2% and is now trading at GBX 241.50.
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Morgan Advanced Materials plc (LON:MGAM) released its earnings results on Thursday, July, 30th. The company reported $11.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $12.60 by $1.10. Morgan Advanced Materials had a trailing twelve-month return on equity of 16.32% and a net margin of 5.27%.

Morgan Advanced Materials declared a dividend on Friday, August 4th. Shareholders of record on Thursday, October 26th will be paid a dividend of GBX 5.30 per share on Friday, November 17th. This represents a yield of 1.95%. The ex-dividend date of this dividend is Thursday, October 26th. The official announcement can be viewed at this link.
Read our dividend analysis for MGAM.

Morgan Advanced Materials (LON:MGAM) pays an annual dividend of GBX 12 per share and currently has a dividend yield of 4.90%. MGAM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 5,714.29%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for MGAM.

Based on aggregate information from My MarketBeat watchlists, some companies that other Morgan Advanced Materials investors own include Vesuvius (VSVS), Scapa Group (SCPA), Rotork (ROR), Senior (SNR), AK Steel (AKS), Aggreko (AGK), Chesapeake Energy (CHKAQ), Cineworld Group (CINE), Centrica (CNA) and EVRAZ (EVRZF).

Morgan Advanced Materials trades on the London Stock Exchange (LON) under the ticker symbol "MGAM."

Shares of MGAM stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.
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One share of MGAM stock can currently be purchased for approximately GBX 241.50.

Morgan Advanced Materials (LON:MGAM) has a market capitalization of £689.17 million and generates £1.14 billion in revenue each year. The company earns £58.80 million in net income (profit) each year or GBX 0.21 on an earnings per share basis.

The company employs 9,000 workers across the globe.

Morgan Advanced Materials' mailing address is The Quadrant, 55-57 High Street, WINDSOR, SL4 1LP, United Kingdom. The official website for the company is www.morganadvancedmaterials.com. The company can be reached via phone at +44-1753-837000.