Damien Caby Sells 6,599 Shares of Morgan Advanced Materials (LON:MGAM) Stock

Morgan Advanced Materials plc (LON:MGAM) insider Damien Caby sold 6,599 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The shares were 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 stock was acquired at an average price of GBX 212 per share, with a total value of £29,680.

Morgan Advanced Materials Price Performance

MGAM stock opened at GBX 198.60 on Thursday. Morgan Advanced Materials plc has a 52-week low of GBX 167 and a 52-week high of GBX 251.50. 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 cap of £548.56 million, a price-to-earnings ratio of 20.27, a price-to-earnings-growth ratio of 0.51 and a beta of 1.16. The business has a fifty day moving average of GBX 224.42 and a two-hundred day moving average of GBX 215.77.

Morgan Advanced Materials (LON:MGAM) last announced its quarterly earnings results on Tuesday, March 3rd. The company reported GBX 15.90 EPS for the quarter. Morgan Advanced Materials had a return on equity of 6.66% and a net margin of 2.12%. As a group, research analysts anticipate that Morgan Advanced Materials plc will post 32.5 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on MGAM. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 210 target price on shares of Morgan Advanced Materials in a research note on Wednesday, March 4th. Berenberg Bank reissued a “buy” rating and issued a GBX 265 price target on shares of Morgan Advanced Materials in a research note on Wednesday, March 4th. Finally, Citigroup upped their price objective on shares of Morgan Advanced Materials from GBX 230 to GBX 235 and gave the stock a “buy” rating in a report on Thursday, March 12th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.