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

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

Johnson Matthey Stock Up 2.6 %

JMAT opened at GBX 1,365 ($17.33) on Thursday. Johnson Matthey has a twelve month low of GBX 1,318 ($16.73) and a twelve month high of GBX 1,917.07 ($24.33). The firm has a market cap of £2.38 billion, a price-to-earnings ratio of 2,355.91, a PEG ratio of 49,242.50 and a beta of 0.95. The firm’s 50-day simple moving average is GBX 1,510.09 and its 200-day simple moving average is GBX 1,610.89. The company has a debt-to-equity ratio of 63.15, a quick ratio of 0.76 and a current ratio of 1.45.

Johnson Matthey Cuts Dividend

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

Insider Transactions at Johnson Matthey

In other news, insider Stephen Oxley sold 19,554 shares of the business’s stock in a transaction on Friday, October 18th. The stock was sold at an average price of GBX 1,526 ($19.37), for a total transaction of £298,394.04 ($378,768.77). Also, insider Liam Condon purchased 21 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were purchased at an average cost of GBX 1,598 ($20.28) per share, for a total transaction of £335.58 ($425.97). Over the last quarter, insiders have acquired 7,479 shares of company stock worth $10,057,890. Insiders own 0.61% of the company’s stock.

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.