Johnson Matthey PLC (JMAT) Receives Consensus Recommendation of “Hold” from Analysts
Johnson Matthey PLC (LON:JMAT) has earned a consensus rating of “Hold” from the ten brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is GBX 3,359.22 ($43.87).
JMAT has been the subject of a number of research reports. Deutsche Bank AG lowered their target price on Johnson Matthey PLC from GBX 3,700 ($48.32) to GBX 3,600 ($47.01) and set a “buy” rating for the company in a research note on Friday, June 2nd. J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 3,200 ($41.79) price objective on shares of Johnson Matthey PLC in a research report on Thursday, June 8th. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 3,450 ($45.05) price objective on shares of Johnson Matthey PLC in a research report on Thursday, March 30th. Liberum Capital reiterated a “hold” rating and issued a GBX 3,300 ($43.09) price objective on shares of Johnson Matthey PLC in a research report on Thursday, April 6th. Finally, Morgan Stanley upgraded Johnson Matthey PLC to an “overweight” rating and lifted their price objective for the stock from GBX 3,000 ($39.17) to GBX 3,500 ($45.70) in a research report on Thursday, June 29th.
Shares of Johnson Matthey PLC (LON JMAT) traded down 0.76% during trading on Monday, reaching GBX 2858.00. 436,449 shares of the company were exchanged. The stock’s market capitalization is GBX 5.48 billion. Johnson Matthey PLC has a 52-week low of GBX 2,724.00 and a 52-week high of GBX 3,568.00. The stock has a 50-day moving average of GBX 2,938.78 and a 200 day moving average of GBX 3,043.59.
The business also recently announced a dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Thursday, June 8th will be issued a dividend of GBX 54.50 ($0.71) per share. The ex-dividend date of this dividend is Thursday, June 8th. This represents a yield of 1.76%. This is a boost from Johnson Matthey PLC’s previous dividend of $20.50.
In other Johnson Matthey PLC news, insider Annette Kelleher acquired 12 shares of the business’s stock in a transaction dated Wednesday, June 21st. The shares were acquired at an average price of GBX 3,018 ($39.41) per share, for a total transaction of £362.16 ($472.92). Also, insider John Walker acquired 15 shares of the business’s stock in a transaction dated Wednesday, July 19th. The shares were acquired at an average price of GBX 2,881 ($37.62) per share, for a total transaction of £432.15 ($564.31). In the last 90 days, insiders have acquired 39 shares of company stock worth $116,859.
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Johnson Matthey PLC Company Profile
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