Johnson Matthey’s (JMAT) “Buy” Rating Reiterated at Berenberg Bank

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Berenberg Bank reissued their buy rating on shares of Johnson Matthey (LON:JMAT) in a research note released on Tuesday, ThisIsMoney.Co.Uk reports.

Other analysts have also issued research reports about the stock. UBS Group reiterated a sell rating on shares of Johnson Matthey in a research report on Thursday, July 18th. HSBC lifted their target price on shares of Johnson Matthey from GBX 3,650 ($47.69) to GBX 3,750 ($49.00) and gave the company a buy rating in a research report on Wednesday, June 5th. Deutsche Bank reiterated a buy rating on shares of Johnson Matthey in a research report on Thursday, July 18th. Credit Suisse Group reiterated an outperform rating on shares of Johnson Matthey in a research report on Friday, May 31st. Finally, Liberum Capital reiterated a buy rating on shares of Johnson Matthey in a research report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of GBX 3,738.33 ($48.85).

Shares of LON JMAT opened at GBX 2,871 ($37.51) on Tuesday. The company’s 50-day simple moving average is GBX 3,093.24 and its 200-day simple moving average is GBX 3,168.08. Johnson Matthey has a 52-week low of GBX 2,574 ($33.63) and a 52-week high of GBX 3,692 ($48.24). The firm has a market cap of $5.58 billion and a price-to-earnings ratio of 13.38. The company has a quick ratio of 0.95, a current ratio of 1.64 and a debt-to-equity ratio of 50.40.

The business also recently announced a dividend, which was paid on Tuesday, August 6th. Stockholders of record on Thursday, June 6th were given a GBX 62.25 ($0.81) dividend. This is a positive change from Johnson Matthey’s previous dividend of $23.25. The ex-dividend date of this dividend was Thursday, June 6th. This represents a dividend yield of 2.04%. Johnson Matthey’s dividend payout ratio (DPR) is 0.40%.

In other news, insider Robert MacLeod sold 6,696 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of GBX 3,166 ($41.37), for a total value of £211,995.36 ($277,009.49). Also, insider Anna Manz purchased 12 shares of the firm’s stock in a transaction dated Wednesday, June 19th. The stock was acquired at an average cost of GBX 3,134 ($40.95) per share, for a total transaction of £376.08 ($491.42). In the last quarter, insiders bought 36 shares of company stock worth $110,448.

Johnson Matthey Company Profile

Johnson Matthey is a global leader in science that enables a cleaner and healthier world. With over 200 years of sustained commitment to innovation and technological breakthroughs, they improve the function, performance and safety of their customers’ products. Their science has a global impact in areas such as low emission transport, pharmaceuticals, chemical processing and making the most efficient use of the planet’s natural resources.

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Analyst Recommendations for Johnson Matthey (LON:JMAT)

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