Johnson Matthey PLC (JMAT) Receives Consensus Recommendation of “Hold” from Analysts
Johnson Matthey PLC (LON:JMAT) has been given a consensus rating of “Hold” by the nine analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is GBX 3,594.13 ($48.37).
A number of research analysts have issued reports on JMAT shares. J P Morgan Chase & Co upped their target price on shares of Johnson Matthey from GBX 3,200 ($43.07) to GBX 3,400 ($45.76) and gave the company a “neutral” rating in a research report on Tuesday, October 10th. Deutsche Bank restated a “buy” rating and set a GBX 3,600 ($48.45) target price on shares of Johnson Matthey in a research report on Friday, September 22nd. Citigroup restated a “buy” rating and set a GBX 4,000 ($53.84) target price on shares of Johnson Matthey in a research report on Tuesday, December 12th. Morgan Stanley restated an “overweight” rating and set a GBX 3,500 ($47.11) target price on shares of Johnson Matthey in a research report on Monday, September 18th. Finally, Liberum Capital reaffirmed a “hold” rating and issued a GBX 3,400 ($45.76) price target on shares of Johnson Matthey in a research note on Tuesday, November 21st.
In other Johnson Matthey news, insider Robert MacLeod purchased 12 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was acquired at an average price of GBX 3,304 ($44.47) per share, with a total value of £396.48 ($533.62). Also, insider John Walker purchased 9 shares of the business’s stock in a transaction on Wednesday, October 18th. The shares were acquired at an average cost of GBX 3,393 ($45.67) per share, with a total value of £305.37 ($411.00).
Johnson Matthey (LON:JMAT) opened at GBX 3,061 ($41.20) on Thursday. Johnson Matthey has a 12 month low of GBX 2,681 ($36.08) and a 12 month high of GBX 3,511 ($47.25).
Johnson Matthey (LON:JMAT) last posted its earnings results on Tuesday, November 21st. The company reported GBX 99.80 ($1.34) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 100.10 ($1.35) by GBX (0.30) ($0.00). Johnson Matthey had a return on equity of 14.99% and a net margin of 2.60%. The firm had revenue of GBX 647.83 billion during the quarter.
The firm also recently declared a dividend, which will be paid on Tuesday, February 6th. Stockholders of record on Thursday, November 30th will be paid a dividend of GBX 21.75 ($0.29) per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a dividend yield of 0.71%.
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Johnson Matthey Company Profile
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