Johnson Matthey (LON:JMAT) Receives Buy Rating from Jefferies Financial Group

Jefferies Financial Group reiterated their buy rating on shares of Johnson Matthey (LON:JMAT) in a report issued on Tuesday morning, MarketBeat.com reports. The brokerage currently has a GBX 1,800 ($22.88) target price on the stock.

Separately, Berenberg Bank decreased their price target on Johnson Matthey from GBX 1,650 ($20.98) to GBX 1,500 ($19.07) and set a “hold” rating on the stock in a research report on Thursday, November 28th.

Johnson Matthey Price Performance

Shares of LON:JMAT opened at GBX 1,378 ($17.52) on Tuesday. The firm has a market capitalization of £2.40 billion, a PE ratio of 2,375.86, a P/E/G ratio of 49,242.50 and a beta of 0.95. The company has a quick ratio of 0.76, a current ratio of 1.45 and a debt-to-equity ratio of 63.15. The company has a 50-day moving average price of GBX 1,477.53 and a two-hundred day moving average price of GBX 1,574.53. Johnson Matthey has a twelve month low of GBX 1,318 ($16.76) and a twelve month high of GBX 1,917.07 ($24.37).

Johnson Matthey Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, February 4th. Investors of record on Thursday, December 5th will be paid a GBX 22 ($0.28) dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a dividend yield of 1.47%. Johnson Matthey’s payout ratio is currently 13,275.86%.

Insider Activity at Johnson Matthey

In related news, insider Liam Condon bought 27 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were bought at an average cost of GBX 1,505 ($19.13) per share, for a total transaction of £406.35 ($516.59). Also, insider Stephen Oxley purchased 24 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was purchased at an average price of GBX 1,504 ($19.12) per share, with a total value of £360.96 ($458.89). In the last ninety days, insiders have bought 7,458 shares of company stock valued at $10,024,332. 0.61% of the stock is owned by insiders.

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.