Johnson Matthey’s (JMAT) “Outperform” Rating Reiterated at Credit Suisse Group
Credit Suisse Group reiterated their outperform rating on shares of Johnson Matthey (LON:JMAT) in a research note issued to investors on Monday morning. Credit Suisse Group currently has a GBX 3,900 ($53.88) target price on the stock.
Several other equities analysts also recently commented on JMAT. Morgan Stanley increased their target price on Johnson Matthey from GBX 3,500 ($48.36) to GBX 3,900 ($53.88) and gave the company an overweight rating in a research report on Monday, November 13th. Barclays reiterated an overweight rating and issued a GBX 3,680 ($50.84) target price (up from GBX 3,450 ($47.67)) on shares of Johnson Matthey in a research report on Thursday, November 16th. Liberum Capital reiterated a hold rating and issued a GBX 3,400 ($46.97) target price on shares of Johnson Matthey in a research report on Tuesday, November 21st. JPMorgan Chase & Co. reiterated a neutral rating and issued a GBX 3,400 ($46.97) target price on shares of Johnson Matthey in a research report on Wednesday, November 22nd. Finally, Citigroup reiterated a buy rating and issued a GBX 4,000 ($55.26) target price on shares of Johnson Matthey in a research report on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average price target of GBX 3,592.22 ($49.63).
Johnson Matthey (LON:JMAT) opened at GBX 3,110 ($42.97) on Monday. The company has a market capitalization of $5,980.00 and a PE ratio of 1,636.84. Johnson Matthey has a 1 year low of GBX 2,681 ($37.04) and a 1 year high of GBX 3,511 ($48.51).
The business also recently disclosed a dividend, which was paid on Tuesday, February 6th. Stockholders of record on Thursday, November 30th were given a dividend of GBX 21.75 ($0.30) per share. The ex-dividend date was Thursday, November 30th. This represents a dividend yield of 0.71%.
In related news, insider Robert MacLeod acquired 12 shares of the stock in a transaction dated Wednesday, January 17th. The stock was bought at an average cost of GBX 3,273 ($45.22) per share, for a total transaction of £392.76 ($542.64).
About Johnson Matthey
Johnson Matthey Plc is a specialty chemicals company. The Company operates in five divisions: Emission Control Technologies, which is a manufacturer of catalysts and catalyst systems for vehicles and industry; Process Technologies, which is a supplier of catalysts, licensing technologies and other services to the syngas, oleo/biochemical, petrochemical, oil refining and gas processing industries; Precious Metal Products, which is organized into its Services businesses, which include management, distribution, refining and recycling of precious metals, and its Manufacturing businesses, which fabricates products using precious metals or related materials, platinum group metal catalysts and platinum group metal chemicals; Fine Chemicals, which is a supplier of active pharmaceutical ingredients (API), custom services and catalyst technologies, and New Businesses, which focuses on its Battery Technologies, Atmosphere Control Technologies and Fuel Cells Businesses.
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.