Deutsche Bank AG Increases Johnson Matthey PLC (JMAT) Price Target to GBX 3,700
Johnson Matthey PLC (LON:JMAT) had its price objective lifted by Deutsche Bank AG from GBX 3,550 ($44.35) to GBX 3,700 ($46.23) in a research report issued on Friday. The firm currently has a “buy” rating on the stock. Deutsche Bank AG’s price target indicates a potential upside of 15.09% from the stock’s previous close.
Several other equities research analysts also recently issued reports on JMAT. Numis Securities Ltd boosted 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 research note on Thursday, July 21st. JPMorgan Chase & Co. boosted 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 research note on Thursday, July 21st. Credit Suisse Group AG reiterated an “outperform” rating and set a GBX 3,400 ($42.48) price objective on shares of Johnson Matthey PLC in a research note on Wednesday, September 28th. Jefferies Group reiterated a “buy” rating and set a GBX 3,650 ($45.60) price objective on shares of Johnson Matthey PLC in a research note on Friday. Finally, Berenberg Bank downgraded shares of Johnson Matthey PLC to a “hold” rating and boosted their price objective for the stock from GBX 3,250 ($40.60) to GBX 3,350 ($41.85) in a research note on Tuesday, August 2nd. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 3,230.01 ($40.35).
Shares of Johnson Matthey PLC (LON:JMAT) opened at 3242.00 on Friday. Johnson Matthey PLC has a 52 week low of GBX 2,215.00 and a 52 week high of GBX 3,568.00. The firm’s market capitalization is GBX 6.22 billion. The company’s 50-day moving average is GBX 3,386.31 and its 200 day moving average is 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 paid a GBX 20.50 ($0.26) dividend. The ex-dividend date of this dividend is Thursday, November 24th. This represents a dividend yield of 0.64%.
In related news, insider Robert MacLeod acquired 12 shares of Johnson Matthey PLC stock in a transaction on Wednesday, November 16th. The shares were purchased at an average cost of GBX 3,370 ($42.10) per share, for a total transaction of £404.40 ($505.25). Also, insider John Walker acquired 9 shares of Johnson Matthey PLC stock in a transaction on Wednesday, September 21st. The shares were bought at an average price of GBX 3,287 ($41.07) per share, for a total transaction of £295.83 ($369.60).
Johnson Matthey PLC Company Profile
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