Johnson Matthey’s (JMAT) “Buy” Rating Reiterated at Panmure Gordon

Panmure Gordon reissued their buy rating on shares of Johnson Matthey (LON:JMAT) in a research report report published on Monday, MarketBeat.com reports. They currently have a GBX 2,370 target price on the stock.

Several other research firms have also recently issued reports on JMAT. Jefferies Financial Group increased their price target on Johnson Matthey from GBX 2,200 to GBX 2,420 and gave the stock a “buy” rating in a research note on Tuesday, October 14th. Citigroup upped their price objective on shares of Johnson Matthey from GBX 1,800 to GBX 2,100 and gave the stock a “neutral” rating in a report on Tuesday, October 21st. Berenberg Bank raised their target price on shares of Johnson Matthey from GBX 1,950 to GBX 2,100 and gave the company a “hold” rating in a research note on Thursday, October 9th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Johnson Matthey from GBX 2,100 to GBX 2,300 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Johnson Matthey presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,248.

Johnson Matthey Price Performance

Shares of LON:JMAT opened at GBX 1,964.16 on Monday. The firm’s 50 day moving average is GBX 2,071.34 and its two-hundred day moving average is GBX 1,876.84. The firm has a market capitalization of £3.29 billion, a P/E ratio of 9.30, a PEG ratio of 49,242.50 and a beta of 0.95. The company has a current ratio of 1.45, a quick ratio of 0.76 and a debt-to-equity ratio of 62.73. Johnson Matthey has a 52 week low of GBX 1,131 and a 52 week high of GBX 2,198.

Johnson Matthey (LON:JMAT) last issued its quarterly earnings data on Thursday, November 20th. The company reported GBX 51.20 earnings per share (EPS) for the quarter. Johnson Matthey had a return on equity of 4.49% and a net margin of 0.84%. Analysts anticipate that Johnson Matthey will post 173.4112903 earnings per share for the current year.

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.