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Home / Momentum / Morgan Advanced Materials (MGAM.L) 10-12-19

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Morgan Advanced Materials (MGAM.L) 10-12-19

Will shares in Morgan Advanced Materials (MGAM.L) continue to rally, setting new recent highs?

 

  • Now trading at 295.9p (at time of writing), the price performance has been very strong.
  • Will it come to an end, or is this trend your friend?
  • Whilst momentum has been strong, traders should remember that past performance is not necessarily an indication of the future.
  • Shares -0% from 12-month highs; +27% from 12 month lows.

Latest News

08 Nov:  Morgan Advanced Materials, the specialist manufacturer,  announced that operating margins and underlying sales were slightly better in the nine months to date.

09 Oct:  RBC Capital Markets has downgraded its rating on Morgan Advanced Materials (MGAM) to underperform (from sector performer).

24 Jul:  Jefferies International has upgraded its rating on Morgan Advanced Materials (MGAM) to buy (from hold) and reduced the target price to 320p (from 365p).

22 Jul:  Berenberg reiterates its buy rating on Morgan Advanced Materials (MGAM) and reduced the target price to 330p (from 360p).

24 May:  Pete Raby, Director, sold 59,088 shares in the firm on the 23rd May 2019 at a price of 252.69p. This Director currently has 134,822 shares.

24 May:  Peter Turner, Executive Director, has transferred in 102,619 shares in the firm on the 23rd May 2019. This Director currently has 242,619 shares.

24 May:  Peter Turner, Executive Director, sold 48,289 shares in the firm on the 23rd May 2019 at a price of 252.69p. This Director currently has 194,330 shares.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

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