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 dated 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 purchased 14,000 shares of Morgan Advanced Materials stock. The stock was purchased at an average cost of GBX 212 per share, for a total transaction of £29,680.

Morgan Advanced Materials Price Performance

Morgan Advanced Materials stock traded up GBX 0.40 during midday trading on Tuesday, reaching GBX 192.20. 800,082 shares of the stock were exchanged, compared to its average volume of 1,582,897. 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 debt-to-equity ratio of 113.93, a quick ratio of 1.26 and a current ratio of 1.23. The firm has a market cap of £530.88 million, a PE ratio of 19.61, a PEG ratio of 0.51 and a beta of 1.16. The company’s fifty day moving average is GBX 225.78 and its 200-day moving average is GBX 215.98.

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 net margin of 2.12% and a return on equity of 6.66%. On average, sell-side analysts forecast that Morgan Advanced Materials plc will post 32.5 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 210 price objective on shares of Morgan Advanced Materials in a research report on Wednesday, March 4th. Citigroup increased their price target 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. Finally, Berenberg Bank restated a “buy” rating and set a GBX 265 price objective on shares of Morgan Advanced Materials in a research report on Wednesday, March 4th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.