UBS Group reaffirmed their sell rating on shares of Johnson Matthey (LON:JMAT) in a research note published on Thursday, ThisIsMoney.Co.Uk reports.
A number of other equities analysts also recently commented on the stock. Deutsche Bank upped their price objective on shares of Spirit Airlines from $75.00 to $79.00 and gave the stock a buy rating in a research report on Friday, July 12th. Liberum Capital reiterated a buy rating on shares of Hotel Chocolat Group in a report on Wednesday, July 17th. Berenberg Bank downgraded shares of to a hold rating and cut their price target for the company from GBX 265 ($3.46) to GBX 248 ($3.24) in a report on Monday, June 3rd. Credit Suisse Group set a €100.00 ($116.28) price target on shares of Safran and gave the company a sell rating in a report on Friday, May 31st. Finally, HSBC downgraded shares of Banco Macro from a buy rating to a hold rating in a report on Wednesday, June 5th. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company. The stock has an average rating of Buy and an average price target of GBX 3,738.33 ($48.85).
Shares of Johnson Matthey stock opened at GBX 3,131 ($40.91) on Thursday. The stock has a market cap of $6.06 billion and a P/E ratio of 14.59. The company has a debt-to-equity ratio of 50.40, a quick ratio of 0.95 and a current ratio of 1.64. Johnson Matthey has a one year low of GBX 2,574 ($33.63) and a one year high of GBX 3,783 ($49.43). The stock’s fifty day moving average price is GBX 3,218.
The business also recently declared a dividend, which will be paid on Tuesday, August 6th. Stockholders of record on Thursday, June 6th will be issued a GBX 62.25 ($0.81) dividend. This represents a dividend yield of 2.04%. The ex-dividend date is Thursday, June 6th. This is an increase from Johnson Matthey’s previous dividend of $23.25. Johnson Matthey’s dividend payout ratio (DPR) is currently 0.40%.
In related news, insider Anna Manz purchased 12 shares of the business’s stock in a transaction dated Wednesday, June 19th. The stock was acquired at an average price of GBX 3,134 ($40.95) per share, for a total transaction of £376.08 ($491.42).
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.
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