Berenberg Bank Cuts Johnson Matthey (LON:JMAT) Price Target to GBX 1,500

Johnson Matthey (LON:JMAT - Free Report) had its price target lowered by Berenberg Bank from GBX 1,650 ($20.94) to GBX 1,500 ($19.04) in a research report released on Thursday morning, Marketbeat reports. The brokerage currently has a hold rating on the stock.

Johnson Matthey Stock Up 2.8 %

LON JMAT traded up GBX 37 ($0.47) during trading hours on Thursday, reaching GBX 1,367 ($17.35). 84,820,820 shares of the company traded hands, compared to its average volume of 1,291,557. The company has a 50 day moving average of GBX 1,510.09 and a two-hundred day moving average of GBX 1,610.89. The company has a current ratio of 1.45, a quick ratio of 0.76 and a debt-to-equity ratio of 63.15. Johnson Matthey has a 12 month low of GBX 1,318 ($16.73) and a 12 month high of GBX 1,917.07 ($24.33). The stock has a market capitalization of £2.38 billion, a PE ratio of 2,355.91, a PEG ratio of 49,242.50 and a beta of 0.95.

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 issued a dividend of GBX 22 ($0.28) per share. This represents a dividend yield of 1.47%. The ex-dividend date is Thursday, December 5th. Johnson Matthey's dividend payout ratio is currently 13,275.86%.

Insider Buying and Selling

In other Johnson Matthey news, insider Liam Condon purchased 21 shares of the stock in a transaction on Wednesday, September 18th. The shares were purchased at an average price of GBX 1,598 ($20.28) per share, with a total value of £335.58 ($425.97). Also, insider Stephen Oxley sold 19,554 shares of the business's stock in a transaction on Friday, October 18th. The shares were sold at an average price of GBX 1,526 ($19.37), for a total transaction of £298,394.04 ($378,768.77). Over the last three months, insiders purchased 7,479 shares of company stock worth $10,057,890. 0.61% of the stock is owned by company 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.