Morgan Advanced Materials (MGAM)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 250

311.00p
   
  • Change Today:
      5.00p
  • 52 Week High: 312.22
  • 52 Week Low: 218.50
  • Currency: UK Pounds
  • Shares Issued: 285.37m
  • Volume: 384,214
  • Market Cap: £887.50m

Barclays starts Morgan Advanced Materials at 'overweight'

By Michele Maatouk

Date: Friday 14 Jul 2023

LONDON (ShareCast) - (Sharecast News) - Barclays initiated coverage of Morgan Advanced Materials on Friday with an 'overweight' rating and 365p price target.
"We think improving end-market exposure will drive higher through-cycle growth for MGAM, with the group EBITA margin expanding to mid-teens and a new peak," it said.

The bank noted that focused M&A is on the agenda, but said it also sees scope for a supportive capital return, while longer term further portfolio rationalisation could drive multiple expansion.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

MGAM Market Data

Currency UK Pounds
Share Price 311.00p
Change Today 5.00p
% Change 1.63 %
52 Week High 312.22
52 Week Low 218.50
Volume 384,214
Shares Issued 285.37m
Market Cap £887.50m

MGAM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
75.58% above the market average75.58% above the market average75.58% above the market average75.58% above the market average75.58% above the market average
88.24% above the sector average88.24% above the sector average88.24% above the sector average88.24% above the sector average88.24% above the sector average
Price Trend
70.95% above the market average70.95% above the market average70.95% above the market average70.95% above the market average70.95% above the market average
69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average
Income
52.94% above the market average52.94% above the market average52.94% above the market average52.94% above the market average52.94% above the market average
85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average
Growth
82.98% below the market average82.98% below the market average82.98% below the market average82.98% below the market average82.98% below the market average
94.12% below the sector average94.12% below the sector average94.12% below the sector average94.12% below the sector average94.12% below the sector average

What The Brokers Say

Strong Buy 4
Buy 4
Neutral 2
Sell 0
Strong Sell 0
Total 10
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

MGAM Dividends

  Latest Previous
  Final Interim
Ex-Div 25-Apr-24 26-Oct-23
Paid 17-May-24 17-Nov-23
Amount 6.70p 5.30p

Trades for 29-Apr-2024

Time Volume / Share Price
12:15 2,000 @ 311.13p
12:08 2 @ 311.50p
12:06 199 @ 311.00p
12:06 36 @ 311.00p
12:06 88 @ 311.00p

MGAM Key Personnel

CEO Pete Raby
CFO Richard Armitage

Top of Page