Johnson Matthey PLC (LON:JMAT) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Johnson Matthey PLC (LON:JMAT) have earned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is GBX 1,993.33 ($25.64).

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 2,400 ($30.87) price target on shares of Johnson Matthey in a report on Monday, June 24th. Berenberg Bank reissued a “hold” rating and issued a GBX 1,800 ($23.15) target price on shares of Johnson Matthey in a report on Tuesday, June 11th.

Insider Activity at Johnson Matthey

In other news, insider Liam Condon acquired 18 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were bought at an average price of GBX 1,871 ($24.07) per share, with a total value of £336.78 ($433.21). In other news, insider Liam Condon acquired 18 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was acquired at an average cost of GBX 1,871 ($24.07) per share, with a total value of £336.78 ($433.21). Also, insider Stephen Oxley bought 24 shares of the business’s stock in a transaction dated Wednesday, July 17th. The stock was acquired at an average cost of GBX 1,695 ($21.80) per share, for a total transaction of £406.80 ($523.28). Insiders purchased a total of 66 shares of company stock valued at $111,486 over the last ninety days. Insiders own 0.57% of the company’s stock.

Johnson Matthey Stock Down 0.7 %

Johnson Matthey stock opened at GBX 1,592 ($20.48) on Friday. The firm has a market capitalization of £2.92 billion, a P/E ratio of 2,698.31, a P/E/G ratio of 49,242.50 and a beta of 0.97. The company has a current ratio of 1.45, a quick ratio of 0.76 and a debt-to-equity ratio of 63.15. Johnson Matthey has a twelve month low of GBX 1,428.50 ($18.38) and a twelve month high of GBX 1,917.07 ($24.66). The stock’s fifty day simple moving average is GBX 1,647.96 and its 200-day simple moving average is GBX 1,690.66.

Johnson Matthey Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, August 6th. Investors of record on Thursday, June 6th will be paid a dividend of GBX 55 ($0.71) per share. This is a positive change from Johnson Matthey’s previous dividend of $22.00. This represents a yield of 3.04%. The ex-dividend date is Thursday, June 6th. Johnson Matthey’s dividend payout ratio (DPR) is currently 13,050.85%.

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.