Johnson Matthey PLC Receives Consensus Recommendation of “Hold” from Analysts (LON:JMAT)
Johnson Matthey PLC (LON:JMAT) has received an average recommendation of “Hold” from the sixteen ratings firms that are covering the company, American Banking and Market News reports. One research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is GBX 3,237.57 ($55.10).
Johnson Matthey PLC (LON:JMAT) traded down 1.16% during mid-day trading on Tuesday, hitting GBX 2980.00. 378,147 shares of the company’s stock traded hands. Johnson Matthey PLC has a one year low of GBX 2470.00 and a one year high of GBX 3452.00. The stock’s 50-day moving average is GBX 3248.40 and its 200-day moving average is GBX 3243.. The company’s market cap is £6.045 billion.
The company also recently announced a dividend, which is scheduled for Tuesday, August 5th. Stockholders of record on Wednesday, June 11th will be paid a dividend of GBX 45.50 ($0.77) per share. This represents a dividend yield of 1.41%. The ex-dividend date is Wednesday, June 11th.
JMAT has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Johnson Matthey PLC in a research note on Tuesday. They now have a GBX 3,650 ($62.12) price target on the stock. Separately, analysts at Liberum Capital reiterated a “hold” rating on shares of Johnson Matthey PLC in a research note on Friday. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of Johnson Matthey PLC in a research note on Thursday, June 19th. They now have a GBX 3,000 ($51.06) price target on the stock.
Johnson Matthey Plc is a global specialty chemicals company. It operates in five divisions: Emission Control Technologies, Process Technologies, Precious Metal Products, Fine Chemicals and New Businesses.
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