Johnson Matthey’s (JMAT) “Overweight” Rating Reaffirmed at Barclays

Barclays reiterated their overweight rating on shares of Johnson Matthey (LON:JMAT) in a research note released on Wednesday.

Other analysts also recently issued research reports about the company. Morgan Stanley reaffirmed an overweight rating and issued a GBX 3,500 ($47.11) target price on shares of Johnson Matthey in a research report on Sunday, September 24th. Liberum Capital reaffirmed a hold rating on shares of Johnson Matthey in a research report on Wednesday, September 13th. J P Morgan Chase & Co reaffirmed a neutral rating and issued a GBX 3,400 ($45.76) target price on shares of Johnson Matthey in a research report on Wednesday, November 22nd. Citigroup reaffirmed a buy rating and issued a GBX 3,800 ($51.14) target price on shares of Johnson Matthey in a research report on Wednesday, August 30th. Finally, Deutsche Bank reaffirmed a buy rating and issued a GBX 3,600 ($48.45) target price on shares of Johnson Matthey in a research report on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The stock has an average rating of Hold and an average price target of GBX 3,578.30 ($48.16).

Shares of Johnson Matthey (LON JMAT) traded down GBX 7 ($0.09) on Wednesday, reaching GBX 3,029 ($40.77). The company had a trading volume of 335,646 shares, compared to its average volume of 700,704. Johnson Matthey has a 52-week low of GBX 2,681 ($36.08) and a 52-week high of GBX 3,511 ($47.25).

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

The business also recently declared a dividend, which will be paid on Tuesday, February 6th. Investors of record on Thursday, November 30th will be paid a GBX 21.75 ($0.29) dividend. This represents a dividend yield of 0.71%. The ex-dividend date is Thursday, November 30th.

In other Johnson Matthey news, insider John Walker bought 9 shares of the business’s stock in a transaction on Wednesday, October 18th. The stock was purchased at an average cost of GBX 3,393 ($45.67) per share, for a total transaction of £305.37 ($411.00). Also, insider Robert MacLeod bought 12 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were acquired at an average price of GBX 3,304 ($44.47) per share, with a total value of £396.48 ($533.62). Over the last quarter, insiders purchased 33 shares of company stock valued at $105,645.

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About Johnson Matthey

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