Morgan Advanced Materials (MGAM)

Sector:

Electronic and Electrical Equipment

Index:

FTSE 250

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

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.

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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 341.50p
52 Week Low 241.50p
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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