Johnson Matthey PLC (JMAT) Upgraded to Add at Numis Securities Ltd
Johnson Matthey PLC (LON:JMAT) was upgraded by investment analysts at Numis Securities Ltd to an “add” rating in a research note issued to investors on Wednesday. The brokerage currently has a GBX 3,754 ($46.90) price target on the stock. Numis Securities Ltd’s price objective would indicate a potential upside of 15.79% from the company’s current price.
JMAT has been the subject of several other reports. Credit Suisse Group AG restated an “outperform” rating and set a GBX 3,400 ($42.48) price objective on shares of Johnson Matthey PLC in a research note on Friday, November 18th. Deutsche Bank AG reiterated a “buy” rating on shares of Johnson Matthey PLC in a research note on Tuesday, September 6th. Jefferies Group reiterated a “buy” rating and issued a GBX 3,650 ($45.60) target price on shares of Johnson Matthey PLC in a research note on Friday, November 18th. JPMorgan Chase & Co. boosted their target price on shares of Johnson Matthey PLC from GBX 3,000 ($37.48) to GBX 3,200 ($39.98) and gave the company a “neutral” rating in a research note on Friday, November 18th. Finally, Berenberg Bank cut shares of Johnson Matthey PLC to a “hold” rating and boosted their target price for the company from GBX 3,250 ($40.60) to GBX 3,350 ($41.85) in a research note on Tuesday, August 2nd. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 3,233.91 ($40.40).
Johnson Matthey PLC (LON:JMAT) opened at 3266.00 on Wednesday. The firm’s 50-day moving average is GBX 3,382.41 and its 200 day moving average is GBX 3,174.19. The company’s market cap is GBX 6.26 billion. Johnson Matthey PLC has a 52-week low of GBX 2,215.00 and a 52-week high of GBX 3,568.00.
The company also recently disclosed a dividend, which will be paid on Tuesday, February 7th. Investors of record on Thursday, November 24th will be issued a GBX 20.50 ($0.26) dividend. This represents a dividend yield of 0.64%. The ex-dividend date is Thursday, November 24th.
In other news, insider John Walker acquired 9 shares of the company’s stock in a transaction that occurred on Wednesday, September 21st. The stock was purchased at an average price of GBX 3,287 ($41.07) per share, with a total value of £295.83 ($369.60). Also, insider Robert MacLeod acquired 12 shares of the company’s stock in a transaction that occurred on Wednesday, November 16th. The stock was purchased at an average cost of GBX 3,370 ($42.10) per share, with a total value of £404.40 ($505.25).
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About Johnson Matthey PLC
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