Johnson Matthey (JMAT) Trading 2% Higher

Johnson Matthey PLC (LON:JMAT)’s share price traded up 2% during mid-day trading on Friday . The stock traded as high as GBX 3,178 ($43.10) and last traded at GBX 3,164 ($42.91). 494,274 shares changed hands during mid-day trading, a decline of 10% from the average session volume of 546,929 shares. The stock had previously closed at GBX 3,102 ($42.07).

Several equities analysts have recently issued reports on the company. Deutsche Bank boosted their price objective on Johnson Matthey from GBX 3,600 ($48.82) to GBX 4,300 ($58.31) and gave the company a “buy” rating in a report on Friday, September 29th. Morgan Stanley reaffirmed an “overweight” rating and issued a GBX 3,500 ($47.46) price target on shares of Johnson Matthey in a report on Monday, September 18th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 3,400 ($46.11) price target on shares of Johnson Matthey in a report on Wednesday, November 22nd. Barclays reaffirmed an “overweight” rating on shares of Johnson Matthey in a report on Wednesday, December 13th. Finally, Liberum Capital reaffirmed a “hold” rating and issued a GBX 3,300 ($44.75) price target on shares of Johnson Matthey in a report on Thursday, September 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 3,603.67 ($48.87).

The stock has a market capitalization of $6,120.00 and a price-to-earnings ratio of 1,665.26.

Johnson Matthey (LON:JMAT) last announced its earnings results on Tuesday, November 21st. The company reported GBX 99.80 ($1.35) EPS for the quarter, missing analysts’ consensus estimates of GBX 100.10 ($1.36) by GBX (0.30) ($0.00). Johnson Matthey had a net margin of 2.60% and a return on equity of 14.99%. The firm had revenue of GBX 647.83 billion for the quarter.

The company also recently announced a dividend, which will be paid on Tuesday, February 6th. Shareholders of record on Thursday, November 30th will be issued a dividend of GBX 21.75 ($0.29) per share. The ex-dividend date is Thursday, November 30th. This represents a dividend yield of 0.71%.

In other news, insider Robert MacLeod bought 12 shares of Johnson Matthey stock in a transaction on Wednesday, November 15th. The stock was acquired at an average price of GBX 3,304 ($44.81) per share, with a total value of £396.48 ($537.67). Also, insider John Walker bought 9 shares of Johnson Matthey stock in a transaction on Wednesday, October 18th. The shares were purchased at an average cost of GBX 3,393 ($46.01) per share, with a total value of £305.37 ($414.12).

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Johnson Matthey Company Profile

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