Johnson Matthey PLC (JMAT) Rating Reiterated by Jefferies Group
Johnson Matthey PLC (LON:JMAT)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Group in a research report issued on Friday. They presently have a GBX 3,650 ($45.60) price objective on the stock. Jefferies Group’s target price would suggest a potential upside of 13.11% from the company’s current price.
Other equities analysts also recently issued research reports about the stock. Deutsche Bank AG reaffirmed a “buy” rating on shares of Johnson Matthey PLC in a report on Wednesday, September 28th. Numis Securities Ltd lifted their price objective on shares of Johnson Matthey PLC from GBX 3,138 ($39.21) to GBX 3,394 ($42.40) and gave the stock a “hold” rating in a report on Thursday, July 21st. Berenberg Bank downgraded shares of Johnson Matthey PLC to a “hold” rating and lifted their price objective for the stock from GBX 3,250 ($40.60) to GBX 3,350 ($41.85) in a report on Tuesday, August 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Johnson Matthey PLC from GBX 2,750 ($34.36) to GBX 2,850 ($35.61) and gave the stock a “neutral” rating in a report on Thursday, July 21st. Finally, Credit Suisse Group AG reaffirmed an “outperform” rating and issued a GBX 3,400 ($42.48) price objective on shares of Johnson Matthey PLC in a report on Thursday, October 13th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Johnson Matthey PLC currently has an average rating of “Hold” and an average price target of GBX 3,184.55 ($39.79).
Johnson Matthey PLC (LON:JMAT) opened at 3227.00 on Friday. The firm’s 50-day moving average is GBX 3,385.68 and its 200-day moving average is GBX 3,164.78. The stock’s market cap is GBX 6.19 billion. Johnson Matthey PLC has a 12 month low of GBX 2,215.00 and a 12 month high of GBX 3,568.00.
The business also recently disclosed a dividend, which will be paid on Tuesday, February 7th. Investors of record on Thursday, November 24th will be paid a dividend of GBX 20.50 ($0.26) per share. This represents a dividend yield of 0.64%. The ex-dividend date is Thursday, November 24th.
In related news, insider John Walker acquired 9 shares of the business’s stock in a transaction that occurred on Wednesday, September 21st. The shares were acquired at an average cost of GBX 3,287 ($41.07) per share, for a total transaction of £295.83 ($369.60).
About Johnson Matthey PLC
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