Analysts Set Johnson Matthey PLC (JMAT) Target Price at $3,592.22
Johnson Matthey PLC (LON:JMAT) has been given an average rating of “Buy” by the nine analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is GBX 3,592.22 ($49.63).
A number of analysts have recently weighed in on JMAT shares. Berenberg Bank raised shares of Johnson Matthey to a “buy” rating and upped their target price for the stock from GBX 3,350 ($46.28) to GBX 3,680 ($50.84) in a research report on Friday, January 12th. Citigroup reaffirmed a “buy” rating and issued a GBX 4,000 ($55.26) target price on shares of Johnson Matthey in a research report on Tuesday, December 12th. Barclays reaffirmed an “overweight” rating on shares of Johnson Matthey in a research report on Wednesday, December 13th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 3,400 ($46.97) target price on shares of Johnson Matthey in a research report on Wednesday, November 22nd. Finally, Morgan Stanley upped their target price on shares of Johnson Matthey from GBX 3,500 ($48.36) to GBX 3,900 ($53.88) and gave the stock an “overweight” rating in a research report on Monday, November 13th.
In other news, insider Robert MacLeod acquired 12 shares of the business’s stock in a transaction that occurred on Wednesday, January 17th. The shares were bought at an average cost of GBX 3,273 ($45.22) per share, with a total value of £392.76 ($542.64).
Johnson Matthey (LON:JMAT) last released its earnings results on Tuesday, November 21st. The company reported GBX 99.80 ($1.38) earnings per share for the quarter, missing the Zacks’ consensus estimate of GBX 100.10 ($1.38) by GBX (0.30) ($0.00). The business 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 company also recently disclosed a dividend, which was paid on Tuesday, February 6th. Investors of record on Thursday, November 30th were given a dividend of GBX 21.75 ($0.30) per share. This represents a yield of 0.71%. The ex-dividend date of this dividend was Thursday, November 30th.
Johnson Matthey Company Profile
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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