Johnson Matthey (JMAT) Price Target Raised to GBX 4,080 at Barclays

Johnson Matthey (LON:JMAT) had its target price boosted by Barclays from GBX 4,060 ($53.05) to GBX 4,080 ($53.31) in a research report sent to investors on Friday. The firm currently has an overweight rating on the stock.

JMAT has been the subject of a number of other reports. Liberum Capital restated a buy rating on shares of Johnson Matthey in a research report on Monday, November 19th. Deutsche Bank restated a buy rating and issued a GBX 4,500 ($58.80) target price on shares of Johnson Matthey in a research report on Monday, October 8th. UBS Group restated a sell rating on shares of Johnson Matthey in a research report on Thursday, October 18th. Credit Suisse Group reiterated an outperform rating on shares of Johnson Matthey in a research report on Thursday, August 23rd. Finally, Berenberg Bank reiterated a buy rating and set a GBX 4,300 ($56.19) price objective on shares of Johnson Matthey in a research report on Monday, September 17th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of Buy and an average price target of GBX 3,914.44 ($51.15).

JMAT traded up GBX 28 ($0.37) during trading on Friday, reaching GBX 2,682 ($35.05). The stock had a trading volume of 680,878 shares, compared to its average volume of 691,012. Johnson Matthey has a 1-year low of GBX 2,681 ($35.03) and a 1-year high of GBX 3,511 ($45.88).

Johnson Matthey (LON:JMAT) last released its earnings results on Wednesday, November 21st. The company reported GBX 109 ($1.42) earnings per share for the quarter, topping analysts’ consensus estimates of GBX 108 ($1.41) by GBX 1 ($0.01).

The business also recently disclosed a dividend, which will be paid on Tuesday, February 5th. Stockholders of record on Thursday, November 29th will be given a dividend of GBX 23.25 ($0.30) per share. The ex-dividend date is Thursday, November 29th. This represents a dividend yield of 0.74%.

In related news, insider John Walker acquired 12 shares of the business’s stock in a transaction dated Wednesday, October 17th. The stock was bought at an average price of GBX 3,093 ($40.42) per share, for a total transaction of £371.16 ($484.99). Insiders have bought a total of 36 shares of company stock valued at $116,928 in the last quarter.

About Johnson Matthey

Johnson Matthey is a global leader in science that enables a cleaner and healthier world. With over 200 years of sustained commitment to innovation and technological breakthroughs, they improve the function, performance and safety of their customers’ products. Their science has a global impact in areas such as low emission transport, pharmaceuticals, chemical processing and making the most efficient use of the planet’s natural resources.

Read More: Return on Investment (ROI) Defined, Explained

Analyst Recommendations for Johnson Matthey (LON:JMAT)

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