Johnson Matthey PLC (LON:JMAT) Receives GBX 3,860 Average Target Price from Brokerages

Shares of Johnson Matthey PLC (LON:JMAT) have received a consensus rating of “Buy” from the seven brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is GBX 3,860 ($50.44).

A number of analysts have commented on the company. HSBC boosted their price objective on Johnson Matthey from GBX 3,650 ($47.69) to GBX 3,750 ($49.00) and gave the stock a “buy” rating in a report on Wednesday, June 5th. Deutsche Bank reissued a “buy” rating on shares of Johnson Matthey in a report on Thursday, July 18th. Credit Suisse Group reissued an “outperform” rating on shares of Johnson Matthey in a report on Friday, May 31st. Berenberg Bank boosted their price objective on Johnson Matthey from GBX 3,600 ($47.04) to GBX 3,750 ($49.00) and gave the stock a “buy” rating in a report on Monday, June 3rd. Finally, UBS Group reissued a “sell” rating on shares of Johnson Matthey in a report on Thursday, July 18th.

In other news, insider Robert MacLeod sold 6,696 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of GBX 3,166 ($41.37), for a total value of £211,995.36 ($277,009.49). Also, insider Anna Manz bought 12 shares of the business’s stock in a transaction dated Wednesday, June 19th. The stock was acquired at an average price of GBX 3,134 ($40.95) per share, for a total transaction of £376.08 ($491.42).



JMAT traded up GBX 3 ($0.04) during midday trading on Tuesday, reaching GBX 2,773 ($36.23). 121,575 shares of the company were exchanged, compared to its average volume of 691,012. The company has a debt-to-equity ratio of 50.40, a quick ratio of 0.95 and a current ratio of 1.64. The company’s fifty day moving average price is GBX 3,167.34 and its 200 day moving average price is GBX 3,178.94. The company has a market cap of $5.36 billion and a price-to-earnings ratio of 12.92. Johnson Matthey has a one year low of GBX 2,574 ($33.63) and a one year high of GBX 3,755 ($49.07).

The firm also recently announced a dividend, which was paid on Tuesday, August 6th. Stockholders of record on Thursday, June 6th were paid a GBX 62.25 ($0.81) dividend. This represents a dividend yield of 2.04%. The ex-dividend date of this dividend was Thursday, June 6th. This is an increase from Johnson Matthey’s previous dividend of $23.25. Johnson Matthey’s payout ratio is presently 0.40%.

Johnson Matthey Company Profile

Johnson Matthey is a global leader in science that enables a cleaner and healthier world. With over 200 years of sustained commitment to innovation and technological breakthroughs, they improve the function, performance and safety of their customers’ products. Their science has a global impact in areas such as low emission transport, pharmaceuticals, chemical processing and making the most efficient use of the planet’s natural resources.

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Analyst Recommendations for Johnson Matthey (LON:JMAT)

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