Credit Suisse Group reaffirmed their outperform rating on shares of Johnson Matthey (LON:JMAT) in a report released on Monday morning. Credit Suisse Group currently has a GBX 3,900 ($53.88) target price on the stock.
JMAT has been the topic of several other research reports. JPMorgan Chase & Co. reiterated a neutral rating and set a GBX 3,400 ($46.97) price objective on shares of Johnson Matthey in a research report on Wednesday, November 22nd. Morgan Stanley reiterated an overweight rating and set a GBX 3,900 ($53.88) price objective on shares of Johnson Matthey in a research report on Thursday, February 1st. Barclays reiterated an overweight rating on shares of Johnson Matthey in a research report on Wednesday, December 13th. Citigroup reissued a buy rating and set a GBX 4,000 ($55.26) target price on shares of Johnson Matthey in a report on Tuesday, December 12th. Finally, Berenberg Bank raised Johnson Matthey to a buy rating and increased their target price for the stock from GBX 3,350 ($46.28) to GBX 3,680 ($50.84) in a report on Friday, January 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of Buy and an average price target of GBX 3,592.22 ($49.63).
Johnson Matthey (LON:JMAT) opened at GBX 3,110 ($42.97) on Monday. The firm has a market capitalization of $5,980.00 and a price-to-earnings ratio of 1,636.84. Johnson Matthey has a 12-month low of GBX 2,681 ($37.04) and a 12-month high of GBX 3,511 ($48.51).
Johnson Matthey (LON:JMAT) last posted its quarterly earnings data on Tuesday, November 21st. The company reported GBX 99.80 ($1.38) earnings per share for the quarter, missing the consensus estimate of GBX 100.10 ($1.38) by GBX (0.30) ($0.00). The firm had revenue of GBX 647.83 billion for the quarter. Johnson Matthey had a return on equity of 14.99% and a net margin of 2.60%.
The business also recently announced a dividend, which was paid on Tuesday, February 6th. Stockholders of record on Thursday, November 30th were issued a dividend of GBX 21.75 ($0.30) per share. This represents a dividend yield of 0.71%. The ex-dividend date was Thursday, November 30th.
In related news, insider Robert MacLeod bought 12 shares of Johnson Matthey stock in a transaction dated Wednesday, January 17th. The shares were bought at an average cost of GBX 3,273 ($45.22) per share, with a total value of £392.76 ($542.64).
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Johnson Matthey Company Profile
Johnson Matthey Plc is a specialty chemicals company. The Company operates in five divisions: Emission Control Technologies, which is a manufacturer of catalysts and catalyst systems for vehicles and industry; Process Technologies, which is a supplier of catalysts, licensing technologies and other services to the syngas, oleo/biochemical, petrochemical, oil refining and gas processing industries; Precious Metal Products, which is organized into its Services businesses, which include management, distribution, refining and recycling of precious metals, and its Manufacturing businesses, which fabricates products using precious metals or related materials, platinum group metal catalysts and platinum group metal chemicals; Fine Chemicals, which is a supplier of active pharmaceutical ingredients (API), custom services and catalyst technologies, and New Businesses, which focuses on its Battery Technologies, Atmosphere Control Technologies and Fuel Cells Businesses.
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