Johnson Matthey (LON:JMAT) Given New GBX 2,350 Price Target at Berenberg Bank

Johnson Matthey (LON:JMATGet Rating) had its price target lifted by Berenberg Bank from GBX 2,200 ($26.01) to GBX 2,350 ($27.79) in a report published on Thursday morning, Marketbeat Ratings reports. Berenberg Bank currently has a buy rating on the stock.

JMAT has been the topic of a number of other reports. Citigroup reissued a neutral rating and set a GBX 2,200 ($26.01) price target on shares of Johnson Matthey in a research report on Friday, August 12th. Barclays reaffirmed an equal weight rating and issued a GBX 1,900 ($22.47) price objective on shares of Johnson Matthey in a research report on Wednesday, September 21st. Finally, JPMorgan Chase & Co. cut their price objective on shares of Johnson Matthey from GBX 2,600 ($30.74) to GBX 2,150 ($25.42) and set a neutral rating on the stock in a research report on Tuesday, October 11th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of GBX 2,205.71 ($26.08).

Johnson Matthey Trading Down 0.8 %

Shares of LON JMAT opened at GBX 2,125 ($25.13) on Thursday. The company’s fifty day moving average is GBX 1,949.64 and its 200-day moving average is GBX 2,044.56. The stock has a market cap of £3.90 billion and a price-to-earnings ratio of 3,511.48. Johnson Matthey has a twelve month low of GBX 1,650 ($19.51) and a twelve month high of GBX 2,536 ($29.99). The company has a quick ratio of 0.68, a current ratio of 1.33 and a debt-to-equity ratio of 51.33.

Johnson Matthey Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, February 1st. Stockholders of record on Thursday, December 8th will be paid a dividend of GBX 22 ($0.26) per share. The ex-dividend date is Thursday, December 8th. This represents a dividend yield of 1.08%. Johnson Matthey’s dividend payout ratio is presently 118.03%.

Insider Transactions at Johnson Matthey

In other news, insider Chris Mottershead acquired 166 shares of the stock in a transaction dated Thursday, September 29th. The shares were bought at an average cost of GBX 1,789 ($21.15) per share, for a total transaction of £2,969.74 ($3,511.58). In other news, insider Stephen Oxley acquired 21 shares of the stock in a transaction dated Wednesday, October 19th. The shares were bought at an average cost of GBX 1,907 ($22.55) per share, for a total transaction of £400.47 ($473.54). Also, insider Chris Mottershead acquired 166 shares of the stock in a transaction dated Thursday, September 29th. The shares were purchased at an average price of GBX 1,789 ($21.15) per share, for a total transaction of £2,969.74 ($3,511.58). Insiders have bought 208 shares of company stock worth $377,047 in the last ninety days.

Johnson Matthey Company Profile

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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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