Johnson Matthey (LON:JMAT) Earns Buy Rating from Numis Securities

Numis Securities reaffirmed their buy rating on shares of Johnson Matthey (LON:JMAT – Get Rating) in a report issued on Monday morning, Digital Look reports. The brokerage currently has a GBX 2,400 ($29.85) target price on the stock.

Separately, Berenberg Bank decreased their target price on shares of Johnson Matthey from GBX 2,350 ($29.23) to GBX 2,200 ($27.36) and set a buy rating for the company in a research report on Tuesday, May 16th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of GBX 2,191.67 ($27.26).

Johnson Matthey Price Performance

Shares of JMAT opened at GBX 1,801 ($22.40) on Monday. Johnson Matthey has a fifty-two week low of GBX 1,755 ($21.83) and a fifty-two week high of GBX 2,384 ($29.65). The company has a 50 day moving average price of GBX 1,934.74 and a 200-day moving average price of GBX 2,072.65. The company has a debt-to-equity ratio of 55.37, a quick ratio of 0.76 and a current ratio of 1.38. The stock has a market capitalization of £3.30 billion, a PE ratio of 1,177.12, a PEG ratio of 49,242.50 and a beta of 0.98.

Johnson Matthey Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Thursday, June 8th will be issued a GBX 55 ($0.68) dividend. The ex-dividend date is Thursday, June 8th. This represents a dividend yield of 2.96%. This is a boost from Johnson Matthey’s previous dividend of $22.00. Johnson Matthey’s dividend payout ratio (DPR) is currently 5,032.68%.

Insiders Place Their Bets

In related news, insider Stephen Oxley purchased 21 shares of the firm’s stock in a transaction on Wednesday, April 19th. The stock was acquired at an average price of GBX 1,975 ($24.56) per share, with a total value of £414.75 ($515.86). Corporate insiders own 0.29% of the company’s stock.

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.