Johnson Matthey (LON:JMAT) had its price target boosted by Berenberg Bank from GBX 3,680 ($48.99) to GBX 4,300 ($57.25) in a research report sent to investors on Tuesday morning. They currently have a buy rating on the stock.
Several other research firms also recently commented on JMAT. Deutsche Bank boosted their target price on shares of Johnson Matthey from GBX 3,570 ($47.53) to GBX 4,500 ($59.91) and gave the stock a buy rating in a research report on Friday, June 15th. Morgan Stanley reaffirmed an overweight rating and set a GBX 3,900 ($51.92) price objective on shares of Johnson Matthey in a report on Monday, June 4th. Liberum Capital raised shares of Johnson Matthey to a buy rating and upped their price objective for the stock from GBX 3,300 ($43.94) to GBX 4,000 ($53.26) in a report on Monday, June 4th. Deutsche Bank reaffirmed a buy rating on shares of Johnson Matthey in a report on Friday, June 1st. Finally, Citigroup reaffirmed a buy rating on shares of Johnson Matthey in a report on Tuesday, May 29th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of GBX 3,816.67 ($50.81).
Get Johnson Matthey alerts:JMAT stock opened at GBX 3,510 ($46.73) on Tuesday. Johnson Matthey has a 12 month low of GBX 2,681 ($35.69) and a 12 month high of GBX 3,511 ($46.74).
Johnson Matthey (LON:JMAT) last posted its earnings results on Thursday, May 31st. The company reported GBX 208.40 ($2.77) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 207.90 ($2.77) by GBX 0.50 ($0.01). Johnson Matthey had a net margin of 2.60% and a return on equity of 14.99%.
The company also recently disclosed a dividend, which will be paid on Tuesday, August 7th. Investors of record on Thursday, June 7th will be issued a dividend of GBX 58.25 ($0.78) per share. This is an increase from Johnson Matthey’s previous dividend of $21.75. This represents a dividend yield of 1.66%. The ex-dividend date of this dividend is Thursday, June 7th.
In related news, insider Anna Manz bought 12 shares of the business’s stock in a transaction that occurred on Wednesday, May 16th. The stock was purchased at an average cost of GBX 3,493 ($46.51) per share, for a total transaction of 拢419.16 ($558.06). Also, insider Robert MacLeod bought 9 shares of the business’s stock in a transaction that occurred on Wednesday, June 20th. The shares were bought at an average price of GBX 3,790 ($50.46) per share, with a total value of 拢341.10 ($454.13). Over the last ninety days, insiders have purchased 33 shares of company stock valued at $115,242.
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.
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