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).
COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of United States and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/01/14/johnson-matthey-jmat-trading-2-higher.html.
Johnson Matthey Company Profile
Receive News & Ratings for Johnson Matthey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson Matthey and related companies with MarketBeat.com's FREE daily email newsletter.