Berenberg Bank Has Lowered Expectations for Johnson Matthey (LON:JMAT) Stock Price

Posted by Matthew Steigler on Dec 2nd, 2024

Johnson Matthey (LON:JMAT – Free Report) had its price objective cut by Berenberg Bank from GBX 1,650 ($20.96) to GBX 1,500 ($19.05) in a research note released on Thursday morning, MarketBeat Ratings reports. They currently have a hold rating on the stock.

Johnson Matthey Stock Performance

JMAT opened at GBX 1,359 ($17.26) on Thursday. The stock’s 50 day simple moving average is GBX 1,505.05 and its 200 day simple moving average is GBX 1,606.59. The stock has a market cap of £2.37 billion, a P/E ratio of 2,343.10, a P/E/G ratio of 49,242.50 and a beta of 0.95. Johnson Matthey has a 1-year low of GBX 1,318 ($16.74) and a 1-year high of GBX 1,917.07 ($24.35). The company has a debt-to-equity ratio of 63.15, a current ratio of 1.45 and a quick ratio of 0.76.

Johnson Matthey Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, February 4th. Stockholders of record on Thursday, December 5th will be given a GBX 22 ($0.28) dividend. This represents a dividend yield of 1.47%. The ex-dividend date is Thursday, December 5th. Johnson Matthey’s dividend payout ratio is currently 13,275.86%.

Insider Transactions at Johnson Matthey

In other news, insider Liam Condon bought 27 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was purchased at an average price of GBX 1,505 ($19.12) per share, with a total value of £406.35 ($516.13). Also, insider Stephen Oxley purchased 7,407 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were purchased at an average cost of GBX 1,343 ($17.06) per share, for a total transaction of £99,476.01 ($126,350.83). Insiders bought 7,479 shares of company stock valued at $10,057,890 in the last 90 days. 0.61% of the stock is currently owned by insiders.

About Johnson Matthey

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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.