Johnson Matthey (LON:JMAT) Receives Buy Rating from Citigroup

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Citigroup reiterated their buy rating on shares of Johnson Matthey (LON:JMAT) in a research note issued to investors on Tuesday morning, ThisIsMoney.Co.Uk reports.

Several other brokerages have also recently issued reports on JMAT. Liberum Capital dropped their price target on Johnson Matthey from GBX 4,400 ($57.49) to GBX 3,500 ($45.73) and set a buy rating on the stock in a research report on Wednesday, November 27th. JPMorgan Chase & Co. downgraded Johnson Matthey to an underweight rating and reduced their price objective for the company from GBX 3,400 ($44.43) to GBX 2,850 ($37.24) in a research note on Thursday, November 28th. Berenberg Bank decreased their price objective on Johnson Matthey from GBX 3,750 ($49.00) to GBX 3,600 ($47.04) and set a buy rating for the company in a research report on Monday, November 25th. Barclays lowered their target price on Johnson Matthey from GBX 3,790 ($49.52) to GBX 3,330 ($43.51) and set an equal weight rating on the stock in a research note on Wednesday, November 27th. Finally, Deutsche Bank dropped their target price on Johnson Matthey from GBX 3,700 ($48.35) to GBX 3,600 ($47.04) and set a buy rating on the stock in a report on Friday, November 22nd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. Johnson Matthey presently has a consensus rating of Hold and an average target price of GBX 3,403.75 ($44.48).

Shares of JMAT opened at GBX 2,818 ($36.82) on Tuesday. Johnson Matthey has a fifty-two week low of GBX 2,574 ($33.63) and a fifty-two week high of GBX 3,475 ($45.41). The company has a market capitalization of $5.45 billion and a price-to-earnings ratio of 14.08. The firm has a 50-day simple moving average of GBX 3,068.88 and a 200-day simple moving average of GBX 3,081.90. The company has a debt-to-equity ratio of 59.25, a quick ratio of 0.90 and a current ratio of 1.54.

The company also recently declared a dividend, which will be paid on Tuesday, February 4th. Stockholders of record on Thursday, November 28th will be paid a dividend of GBX 24.50 ($0.32) per share. The ex-dividend date of this dividend is Thursday, November 28th. This represents a dividend yield of 0.82%. Johnson Matthey’s dividend payout ratio (DPR) is 0.43%.

In other Johnson Matthey news, insider Robert MacLeod purchased 5,250 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were purchased at an average cost of GBX 2,842 ($37.14) per share, for a total transaction of £149,205 ($194,962.76). Also, insider Anna Manz acquired 12 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were acquired at an average cost of GBX 3,136 ($40.98) per share, for a total transaction of £376.32 ($491.73). Over the last quarter, insiders have bought 7,786 shares of company stock worth $22,180,092.

About Johnson Matthey

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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