Johnson Matthey (JMAT) Trading 0% Higher

Johnson Matthey Plc (LON:JMAT)’s share price traded up 0% during mid-day trading on Monday . The stock traded as high as GBX 3,142 ($42.29) and last traded at GBX 3,060 ($41.18). 942,295 shares changed hands during mid-day trading, an increase of 35% from the average session volume of 697,918 shares. The stock had previously closed at GBX 3,060 ($41.18).

Several equities analysts have issued reports on the company. Morgan Stanley reissued an “overweight” rating and issued a GBX 3,500 ($47.11) price target on shares of Johnson Matthey in a research note on Sunday, September 24th. Deutsche Bank boosted their price target on Johnson Matthey from GBX 3,600 ($48.45) to GBX 4,300 ($57.87) and gave the company a “buy” rating in a research note on Friday, September 29th. J P Morgan Chase & Co boosted their price target on Johnson Matthey from GBX 3,200 ($43.07) to GBX 3,400 ($45.76) and gave the company a “neutral” rating in a research note on Tuesday, October 10th. Barclays reissued an “overweight” rating and issued a GBX 3,680 ($49.53) price target (up from GBX 3,450 ($46.43)) on shares of Johnson Matthey in a research note on Thursday, November 16th. Finally, Liberum Capital reissued a “hold” rating and issued a GBX 3,400 ($45.76) price target on shares of Johnson Matthey in a research note on Tuesday, November 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. Johnson Matthey currently has an average rating of “Hold” and an average target price of GBX 3,578.30 ($48.16).

Johnson Matthey (LON:JMAT) last issued its earnings results on Tuesday, November 21st. The company reported GBX 99.80 ($1.34) earnings per share for the quarter, missing analysts’ consensus estimates of GBX 100.10 ($1.35) by GBX (0.30) ($0.00). Johnson Matthey had a return on equity of 20.36% and a net margin of 3.24%. The firm had revenue of GBX 647.83 billion for the quarter.

The company also recently announced a dividend, which will be paid on Tuesday, February 6th. Stockholders of record on Thursday, November 30th will be given a dividend of GBX 21.75 ($0.29) per share. This represents a dividend yield of 0.71%. The ex-dividend date of this dividend is Thursday, November 30th.

In related news, insider Robert MacLeod purchased 12 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The stock was acquired at an average price of GBX 2,955 ($39.77) per share, for a total transaction of £354.60 ($477.25). Also, insider John Walker purchased 9 shares of the firm’s stock in a transaction that occurred on Wednesday, October 18th. The shares were bought at an average price of GBX 3,393 ($45.67) per share, with a total value of £305.37 ($411.00). Insiders have bought 33 shares of company stock worth $105,645 over the last ninety days.

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