Several other equities analysts have also issued reports on JMAT. Deutsche Bank reaffirmed a buy rating and issued a GBX 3,600 ($48.82) price target on shares of Johnson Matthey in a research report on Friday, September 22nd. Morgan Stanley reaffirmed an overweight rating and issued a GBX 3,500 ($47.46) price target on shares of Johnson Matthey in a research report on Sunday, September 24th. JPMorgan Chase & Co. lifted their price target on Johnson Matthey from GBX 3,200 ($43.40) to GBX 3,400 ($46.11) and gave the stock a neutral rating in a research report on Tuesday, October 10th. Barclays reaffirmed an overweight rating and issued a GBX 3,680 ($49.91) price target (up previously from GBX 3,450 ($46.79)) on shares of Johnson Matthey in a research report on Thursday, November 16th. Finally, Citigroup reaffirmed a buy rating and issued a GBX 4,000 ($54.24) price target on shares of Johnson Matthey in a research report on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The stock has an average rating of Buy and a consensus price target of GBX 3,611.30 ($48.97).
Johnson Matthey (LON JMAT) opened at GBX 3,252 ($44.10) on Wednesday. The stock has a market capitalization of $6,290.00 and a PE ratio of 1,711.58. Johnson Matthey has a 52-week low of GBX 2,681 ($36.36) and a 52-week high of GBX 3,511 ($47.61).
Johnson Matthey (LON:JMAT) last posted its quarterly earnings results on Tuesday, November 21st. The company reported GBX 99.80 ($1.35) earnings per share (EPS) for the quarter, missing the consensus estimate of GBX 100.10 ($1.36) by GBX (0.30) ($0.00). The company had revenue of GBX 647.83 billion during the quarter. Johnson Matthey had a return on equity of 14.99% and a net margin of 2.60%.
The firm also recently announced a dividend, which will be paid on Tuesday, February 6th. Shareholders of record on Thursday, November 30th will be given a GBX 21.75 ($0.29) dividend. This represents a yield of 0.71%. The ex-dividend date is Thursday, November 30th.
In other Johnson Matthey news, insider Robert MacLeod bought 12 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was acquired at an average price of GBX 3,273 ($44.39) per share, with a total value of £392.76 ($532.63).
About Johnson Matthey
Johnson Matthey Plc is a specialty chemicals company. The Company operates in five divisions: Emission Control Technologies, which is a manufacturer of catalysts and catalyst systems for vehicles and industry; Process Technologies, which is a supplier of catalysts, licensing technologies and other services to the syngas, oleo/biochemical, petrochemical, oil refining and gas processing industries; Precious Metal Products, which is organized into its Services businesses, which include management, distribution, refining and recycling of precious metals, and its Manufacturing businesses, which fabricates products using precious metals or related materials, platinum group metal catalysts and platinum group metal chemicals; Fine Chemicals, which is a supplier of active pharmaceutical ingredients (API), custom services and catalyst technologies, and New Businesses, which focuses on its Battery Technologies, Atmosphere Control Technologies and Fuel Cells Businesses.
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