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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Currency | UK Pounds |
Share Price | 326.50p |
Change Today | 3.50p |
% Change | 1.08 % |
52 Week High | 329.00p |
52 Week Low | 218.50p |
Volume | 241,719 |
Shares Issued | 285.37m |
Market Cap | £931.73m |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
---|
Strong Buy | 4 |
Buy | 3 |
Neutral | 3 |
Sell | 0 |
Strong Sell | 0 |
Total | 10 |
Latest | Previous | |
---|---|---|
Final | Interim | |
Ex-Div | 25-Apr-24 | 26-Oct-23 |
Paid | 17-May-24 | 17-Nov-23 |
Amount | 6.70p | 5.30p |
Time | Volume / Share Price |
16:35 | 145,683 @ 326.50p |
16:35 | 811 @ 326.50p |
16:35 | 604 @ 326.50p |
16:35 | 696 @ 326.50p |
16:35 | 1,300 @ 326.50p |
CEO | Pete Raby |
CFO | Richard Armitage |
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