Barclays Reaffirms “Neutral” Rating for Johnson Matthey (LON:JMAT)

Barclays reissued their neutral rating on shares of Johnson Matthey (LON:JMATGet Rating) in a report issued on Thursday, MarketBeat.com reports. They currently have a GBX 1,900 ($22.47) price target on the stock.

Other research analysts also recently issued reports about the company. Citigroup reaffirmed a neutral rating and set a GBX 2,200 ($26.01) target price on shares of Johnson Matthey in a research note on Friday, August 12th. Berenberg Bank upped their target price on Johnson Matthey from GBX 2,200 ($26.01) to GBX 2,350 ($27.79) and gave the stock a buy rating in a research note on Thursday. Finally, JPMorgan Chase & Co. reduced their target price on Johnson Matthey from GBX 2,600 ($30.74) to GBX 2,150 ($25.42) and set a neutral rating for the company in a research note on Tuesday, October 11th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus 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 has a current ratio of 1.33, a quick ratio of 0.68 and a debt-to-equity ratio of 51.33. The company has a market capitalization of £3.90 billion and a PE ratio of 3,511.48. The business has a 50 day moving average of GBX 1,949.64 and a two-hundred day moving average of GBX 2,044.56. Johnson Matthey has a 12-month low of GBX 1,650 ($19.51) and a 12-month high of GBX 2,536 ($29.99).

Johnson Matthey Cuts Dividend

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

Insider Buying and Selling

In other news, insider Chris Mottershead purchased 166 shares of the company’s stock in a transaction that occurred on Thursday, September 29th. The stock was purchased at an average cost of GBX 1,789 ($21.15) per share, for a total transaction of £2,969.74 ($3,511.58). In related news, insider Stephen Oxley bought 21 shares of the company’s stock in a transaction on Wednesday, September 21st. The stock was bought at an average cost of GBX 1,906 ($22.54) per share, for a total transaction of £400.26 ($473.29). Also, insider Chris Mottershead bought 166 shares of the company’s stock in a transaction on Thursday, September 29th. The stock was bought at an average price of GBX 1,789 ($21.15) per share, with a total value of £2,969.74 ($3,511.58). Over the last ninety days, insiders bought 208 shares of company stock worth $377,047.

Johnson Matthey Company Profile

(Get Rating)

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.

Recommended Stories

Analyst Recommendations for Johnson Matthey (LON:JMAT)

Receive News & Ratings for Johnson Matthey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Johnson Matthey and related companies with MarketBeat.com's FREE daily email newsletter.