Deutsche Bank AG Reaffirms “Buy” Rating for Johnson Matthey PLC (JMAT)
Johnson Matthey PLC (LON:JMAT)‘s stock had its “buy” rating reissued by stock analysts at Deutsche Bank AG in a report issued on Wednesday. They currently have a GBX 3,700 ($45.90) target price on the stock. Deutsche Bank AG’s price target would suggest a potential upside of 17.80% from the stock’s previous close.
Several other analysts also recently issued reports on JMAT. Numis Securities Ltd raised shares of Johnson Matthey PLC to an “add” rating and set a GBX 3,754 ($46.57) target price on the stock in a research note on Wednesday, November 23rd. JPMorgan Chase & Co. boosted their target price on shares of Johnson Matthey PLC from GBX 3,000 ($37.22) to GBX 3,200 ($39.70) and gave the company a “neutral” rating in a research note on Friday, November 18th. Credit Suisse Group AG reissued an “outperform” rating and set a GBX 3,400 ($42.18) target price on shares of Johnson Matthey PLC in a research note on Friday, November 18th. Jefferies Group reaffirmed a “buy” rating and issued a GBX 3,650 ($45.28) price target on shares of Johnson Matthey PLC in a research note on Friday, November 18th. Finally, Berenberg Bank downgraded shares of Johnson Matthey PLC to a “hold” rating and upped their price target for the stock from GBX 3,250 ($40.32) to GBX 3,350 ($41.56) 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 stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 3,233.91 ($40.12).
Johnson Matthey PLC (LON:JMAT) opened at 3165.00 on Wednesday. Johnson Matthey PLC has a 52-week low of GBX 2,215.00 and a 52-week high of GBX 3,568.00. The stock’s market cap is GBX 6.07 billion. The firm’s 50-day moving average price is GBX 3,351.11 and its 200 day moving average price is GBX 3,182.84.
The company also recently declared a dividend, which will be paid on Tuesday, February 7th. Shareholders of record on Thursday, November 24th will be issued a dividend of GBX 20.50 ($0.25) per share. This represents a yield of 0.64%. The ex-dividend date is Thursday, November 24th.
In other news, insider Robert MacLeod purchased 12 shares of the firm’s stock in a transaction on Wednesday, November 16th. The stock was bought at an average cost of GBX 3,370 ($41.81) per share, for a total transaction of £404.40 ($501.67). Also, insider Anna Manz purchased 2,184 shares of the firm’s stock in a transaction on Thursday, November 24th. The shares were purchased at an average price of GBX 3,181 ($39.46) per share, with a total value of £69,473.04 ($86,184.15).
About Johnson Matthey PLC
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