Johnson Matthey PLC (JMAT) Earns “Hold” Rating from Liberum Capital
Liberum Capital reaffirmed their hold rating on shares of Johnson Matthey PLC (LON:JMAT) in a research note published on Friday morning. They currently have a GBX 3,300 ($43.53) price objective on the stock.
A number of other equities research analysts have also weighed in on JMAT. Credit Suisse Group reaffirmed an outperform rating and set a GBX 3,450 ($45.51) price target on shares of Johnson Matthey PLC in a report on Thursday, March 30th. UBS AG lowered shares of Johnson Matthey PLC to a sell rating and lowered their price target for the company from GBX 3,300 ($43.53) to GBX 2,750 ($36.27) in a report on Friday, May 19th. Deutsche Bank AG reaffirmed a buy rating on shares of Johnson Matthey PLC in a report on Monday, May 22nd. J P Morgan Chase & Co reaffirmed a neutral rating and set a GBX 3,200 ($42.21) price target on shares of Johnson Matthey PLC in a report on Friday, June 2nd. Finally, Morgan Stanley raised shares of Johnson Matthey PLC to an overweight rating and raised their price target for the company from GBX 3,000 ($39.57) to GBX 3,500 ($46.17) in a report on Thursday, June 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company’s stock. Johnson Matthey PLC has an average rating of Hold and an average target price of GBX 3,390.30 ($44.72).
Shares of Johnson Matthey PLC (JMAT) opened at 2807.00 on Friday. The stock’s 50 day moving average is GBX 2,903.27 and its 200 day moving average is GBX 3,026.26. Johnson Matthey PLC has a 52-week low of GBX 2,724.00 and a 52-week high of GBX 3,568.00. The stock’s market capitalization is GBX 5.38 billion.
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The business also recently disclosed a dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Thursday, June 8th will be paid a dividend of GBX 54.50 ($0.72) per share. This represents a yield of 1.76%. This is an increase from Johnson Matthey PLC’s previous dividend of $20.50. The ex-dividend date of this dividend is Thursday, June 8th.
In related news, insider John Walker acquired 15 shares of Johnson Matthey PLC stock in a transaction on Wednesday, July 19th. The shares were purchased at an average cost of GBX 2,881 ($38.00) per share, for a total transaction of £432.15 ($570.04). Also, insider Annette Kelleher acquired 12 shares of Johnson Matthey PLC stock in a transaction on Wednesday, June 21st. The shares were bought at an average price of GBX 3,018 ($39.81) per share, for a total transaction of £362.16 ($477.72). Insiders have acquired a total of 2,710 shares of company stock worth $7,558,265 over the last quarter.
Johnson Matthey PLC Company Profile
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