Johnson Matthey PLC (LON:JMAT) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Johnson Matthey PLC (LON:JMAT) have earned an average rating of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is GBX 1,993.33 ($25.38).

A number of brokerages have recently issued reports on JMAT. Berenberg Bank restated a “hold” rating and set a GBX 1,800 ($22.92) price objective on shares of Johnson Matthey in a research report on Tuesday. Numis Securities reaffirmed a “buy” rating and set a GBX 2,200 ($28.01) target price on shares of Johnson Matthey in a research note on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft started coverage on Johnson Matthey in a research note on Wednesday, May 8th. They set a “buy” rating and a GBX 2,400 ($30.56) target price for the company. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 2,100 ($26.74) target price on shares of Johnson Matthey in a research note on Wednesday, March 20th.

Johnson Matthey Price Performance

Shares of JMAT opened at GBX 1,551 ($19.75) on Friday. Johnson Matthey has a 1 year low of GBX 1,428.50 ($18.19) and a 1 year high of GBX 1,917.07 ($24.41). The company has a debt-to-equity ratio of 63.15, a current ratio of 1.45 and a quick ratio of 0.76. The company has a market capitalization of £2.85 billion, a price-to-earnings ratio of 2,628.81, a price-to-earnings-growth ratio of 49,242.50 and a beta of 0.97. The business has a 50-day moving average of GBX 1,767.60 and a 200-day moving average of GBX 1,694.21.

Johnson Matthey Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, August 6th. Shareholders of record on Thursday, June 6th will be paid a GBX 55 ($0.70) dividend. This represents a yield of 3.04%. The ex-dividend date is Thursday, June 6th. This is a boost from Johnson Matthey’s previous dividend of $22.00. Johnson Matthey’s dividend payout ratio (DPR) is 13,050.85%.

Insider Buying and Selling at Johnson Matthey

In other news, insider Stephen Oxley acquired 18 shares of Johnson Matthey stock in a transaction on Wednesday, March 20th. The stock was purchased at an average price of GBX 1,864 ($23.74) per share, with a total value of £335.52 ($427.25). In other news, insider Stephen Oxley acquired 18 shares of Johnson Matthey stock in a transaction on Wednesday, March 20th. The stock was purchased at an average price of GBX 1,864 ($23.74) per share, with a total value of £335.52 ($427.25). Also, insider Liam Condon bought 24 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The shares were bought at an average cost of GBX 1,767 ($22.50) per share, for a total transaction of £424.08 ($540.02). Over the last quarter, insiders bought 60 shares of company stock valued at $109,638. Company insiders own 0.57% of the company’s stock.

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.