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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

This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.

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