Morgan Advanced Materials (MGAM)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 250

257.50p
   
  • Change Today:
      1.00p
  • 52 Week High: 341.50
  • 52 Week Low: 241.50
  • Currency: UK Pounds
  • Shares Issued: 284.59m
  • Volume: 2,232,628
  • Market Cap: £732.83m
  • Beta: 1.44

Morgan Advanced Materials shares surge as annual guidance lifted

By Frank Prenesti

Date: Friday 04 Nov 2022

LONDON (ShareCast) - (Sharecast News) - Shares in Morgan Advanced Materials surged on Friday as the carbon and ceramic metals manufacturer lifted profit and revenue guidance as sales for the first nine months of the year rose 10.5%.
The company said it now expected full year organic constant-currency growth to be in the range 7-9%, above previous guidance, and adjusted operating profit to be marginally above the top end of current analysts' forecasts.

"We are delivering robust revenue growth, despite the challenging environment, and improving profitability, with inflation continuing to be more than offset by pricing and continuous improvement activity," said chief executive Peter Raby.

Reporting by Frank Prenesti for Sharecast.com

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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 257.50p
Change Today 1.00p
% Change 0.39 %
52 Week High 341.50
52 Week Low 241.50
Volume 2,232,628
Shares Issued 284.59m
Market Cap £732.83m
Beta 1.44

MGAM Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.39% above the market average78.39% above the market average78.39% above the market average78.39% above the market average78.39% above the market average
94.29% above the sector average94.29% above the sector average94.29% above the sector average94.29% above the sector average94.29% above the sector average
Price Trend
22.05% below the market average22.05% below the market average22.05% below the market average22.05% below the market average22.05% below the market average
40.54% above the sector average40.54% above the sector average40.54% above the sector average40.54% above the sector average40.54% above the sector average
Income
69.96% above the market average69.96% above the market average69.96% above the market average69.96% above the market average69.96% above the market average
75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average
Growth
78.57% below the market average78.57% below the market average78.57% below the market average78.57% below the market average78.57% below the market average
81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average

What The Brokers Say

Strong Buy 4
Buy 3
Neutral 3
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
  Interim Final
Ex-Div 24-Oct-24 25-Apr-24
Paid 15-Nov-24 17-May-24
Amount 5.40p 6.70p

Trades for 21-Nov-2024

Time Volume / Share Price
16:00 3 @ 256.50p
16:55 2,590 @ 256.44p
14:52 317,308 @ 257.50p
14:52 317,308 @ 257.50p
16:35 1,693 @ 257.50p

MGAM Key Personnel

CEO Pete Raby
CFO Richard Armitage

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