Johnson Matthey (LON:JMAT) Price Target Raised to GBX 4,100

Johnson Matthey (LON:JMAT) had its target price boosted by Sanford C. Bernstein from GBX 4,000 ($52.62) to GBX 4,100 ($53.93) in a research note issued to investors on Monday, Stock Target Advisor reports. Sanford C. Bernstein currently has an outperform rating on the stock.

Other analysts have also recently issued research reports about the company. Barclays cut their target price on Johnson Matthey from GBX 3,790 ($49.86) to GBX 3,330 ($43.80) and set an equal weight rating for the company in a research report on Wednesday, November 27th. Credit Suisse Group cut their target price on Johnson Matthey from GBX 4,200 ($55.25) to GBX 3,900 ($51.30) and set an outperform rating for the company in a research report on Wednesday, October 23rd. Citigroup reiterated a buy rating on shares of Johnson Matthey in a research report on Tuesday, December 3rd. Liberum Capital cut their target price on Johnson Matthey from GBX 4,400 ($57.88) to GBX 3,500 ($46.04) and set a buy rating for the company in a research report on Wednesday, November 27th. Finally, UBS Group reiterated a sell rating and set a GBX 2,700 ($35.52) target price on shares of Johnson Matthey in a research report on Monday, November 25th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. Johnson Matthey presently has a consensus rating of Buy and an average target price of GBX 3,481.11 ($45.79).

LON:JMAT opened at GBX 2,867 ($37.71) on Monday. The company has a current ratio of 1.54, a quick ratio of 0.90 and a debt-to-equity ratio of 59.25. Johnson Matthey has a 12-month low of GBX 2,727.42 ($35.88) and a 12-month high of GBX 3,475 ($45.71). The stock has a 50-day moving average price of GBX 2,944.88 and a 200 day moving average price of GBX 3,042.78. The stock has a market capitalization of $5.62 billion and a P/E ratio of 14.32.

The company also recently declared a dividend, which will be paid on Tuesday, February 4th. Shareholders of record on Thursday, November 28th will be issued a dividend of GBX 24.50 ($0.32) per share. This represents a yield of 0.82%. The ex-dividend date of this dividend is Thursday, November 28th. Johnson Matthey’s dividend payout ratio is presently 0.43%.

In other news, insider Joan Braca purchased 2,500 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was acquired at an average price of GBX 2,859 ($37.61) per share, for a total transaction of £71,475 ($94,021.31). Also, insider Robert MacLeod purchased 5,250 shares of the business’s stock in a transaction on Monday, November 25th. The shares were purchased at an average price of GBX 2,842 ($37.38) per share, with a total value of £149,205 ($196,270.72). Insiders have acquired a total of 7,762 shares of company stock valued at $22,106,400 in the last 90 days.

Johnson Matthey Company Profile

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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Analyst Recommendations for Johnson Matthey (LON:JMAT)

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