Credit Suisse Group AG Reiterates “Outperform” Rating for Johnson Matthey PLC (JMAT)
Johnson Matthey PLC (LON:JMAT)‘s stock had its “outperform” rating reissued by analysts at Credit Suisse Group AG in a report issued on Friday. They presently have a GBX 3,400 ($42.48) target price on the stock. Credit Suisse Group AG’s price target would indicate a potential upside of 5.75% from the stock’s previous close.
A number of other research firms also recently issued reports on JMAT. Numis Securities Ltd raised their price target on Johnson Matthey PLC from GBX 3,394 ($42.40) to GBX 3,711 ($46.36) and gave the stock a “hold” rating in a research note on Tuesday, October 11th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Johnson Matthey PLC in a report on Tuesday, September 6th. Berenberg Bank cut Johnson Matthey PLC to a “hold” rating and raised their target price for the stock from GBX 3,250 ($40.60) to GBX 3,350 ($41.85) in a report on Tuesday, August 2nd. Jefferies Group reaffirmed a “buy” rating and issued a GBX 3,650 ($45.60) target price on shares of Johnson Matthey PLC in a report on Friday. Finally, JPMorgan Chase & Co. raised their target price on 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. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of GBX 3,230.01 ($40.35).
Johnson Matthey PLC (LON:JMAT) opened at 3242.00 on Friday. Johnson Matthey PLC has a 12-month low of GBX 2,215.00 and a 12-month high of GBX 3,568.00. The stock’s market capitalization is GBX 6.22 billion. The stock has a 50 day moving average price of GBX 3,386.31 and a 200-day moving average price of GBX 3,171.48.
The company also recently announced a dividend, which will be paid on Tuesday, February 7th. Stockholders of record on Thursday, November 24th will be issued a GBX 20.50 ($0.26) dividend. The ex-dividend date is Thursday, November 24th. This represents a dividend yield of 0.64%.
In other news, insider John Walker bought 9 shares of Johnson Matthey PLC stock in a transaction dated Wednesday, September 21st. The shares were purchased at an average cost of GBX 3,287 ($41.07) per share, with a total value of £295.83 ($369.60). Also, insider Robert MacLeod bought 12 shares of Johnson Matthey PLC stock in a transaction dated Wednesday, November 16th. The stock was purchased at an average cost of GBX 3,370 ($42.10) per share, for a total transaction of £404.40 ($505.25).
About Johnson Matthey PLC
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