Johnson Matthey (JMAT) Trading 2% Higher
Johnson Matthey PLC (LON:JMAT) traded up 2% during mid-day trading on Friday . The company traded as high as GBX 3,178 ($43.10) and last traded at GBX 3,164 ($42.91). 494,274 shares were traded during mid-day trading, a decline of 10% from the average session volume of 546,929 shares. The stock had previously closed at GBX 3,102 ($42.07).
A number of equities research analysts have recently issued reports on the company. Deutsche Bank upped their price target on Johnson Matthey from GBX 3,600 ($48.82) to GBX 4,300 ($58.31) and gave the company a “buy” rating in a research report on Friday, September 29th. Morgan Stanley restated an “overweight” rating and issued a GBX 3,500 ($47.46) price target on shares of Johnson Matthey in a research report on Monday, September 18th. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 3,400 ($46.11) price target on shares of Johnson Matthey in a research report on Wednesday, November 22nd. Barclays restated an “overweight” rating on shares of Johnson Matthey in a research report on Wednesday, December 13th. Finally, Liberum Capital reiterated a “hold” rating and issued a GBX 3,300 ($44.75) price objective on shares of Johnson Matthey in a research report on Thursday, September 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. Johnson Matthey has an average rating of “Hold” and a consensus price target of GBX 3,603.67 ($48.87).
The firm has a market cap of $6,120.00 and a PE ratio of 1,665.26.
The company also recently declared a dividend, which will be paid on Tuesday, February 6th. Shareholders of record on Thursday, November 30th will be paid a dividend of GBX 21.75 ($0.29) per share. This represents a yield of 0.71%. The ex-dividend date of this dividend is Thursday, November 30th.
In other news, insider John Walker purchased 9 shares of the firm’s stock in a transaction on Wednesday, October 18th. The shares were bought at an average cost of GBX 3,393 ($46.01) per share, for a total transaction of £305.37 ($414.12). Also, insider Robert MacLeod purchased 12 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were purchased at an average price of GBX 3,304 ($44.81) per share, for a total transaction of £396.48 ($537.67).
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About Johnson Matthey
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