Johnson Matthey (LON:JMAT) Price Target Raised to GBX 2,400

Johnson Matthey (LON:JMAT) had its target price upped by Deutsche Bank Aktiengesellschaft from GBX 2,300 to GBX 2,400 in a report released on Wednesday morning, MarketBeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

Other analysts have also issued research reports about the stock. Citigroup increased 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 research note on Tuesday, October 21st. Panmure Gordon reaffirmed a “buy” rating and set a GBX 2,370 target price on shares of Johnson Matthey in a report on Monday, November 24th. Jefferies Financial Group increased their price target on shares of Johnson Matthey from GBX 2,200 to GBX 2,420 and gave the stock a “buy” rating in a report on Tuesday, October 14th. Finally, Berenberg Bank dropped their price target on shares of Johnson Matthey from GBX 2,100 to GBX 2,050 and set a “hold” rating on the stock in a research report on Tuesday, November 25th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 2,268.

Johnson Matthey Stock Down 0.6%

Johnson Matthey stock opened at GBX 2,359.95 on Wednesday. Johnson Matthey has a twelve month low of GBX 1,131 and a twelve month high of GBX 2,388. The business has a fifty day moving average of GBX 2,144.48 and a two-hundred day moving average of GBX 2,022.71. The firm has a market cap of £3.95 billion, a P/E ratio of -35.81, a P/E/G ratio of 49,242.50 and a beta of 0.95. The company has a quick ratio of 0.76, a current ratio of 1.45 and a debt-to-equity ratio of 62.73.

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

Insider Buying and Selling at Johnson Matthey

In related news, insider Liam Condon acquired 14 shares of Johnson Matthey stock in a transaction on Wednesday, December 10th. The stock was bought at an average cost of GBX 2,013 per share, for a total transaction of £281.82. Also, insider Alastair Judge acquired 12 shares of the firm’s stock in a transaction on Tuesday, January 13th. The shares were bought at an average cost of GBX 2,321 per share, for a total transaction of £278.52. In the last three months, insiders purchased 46 shares of company stock valued at $100,894. 0.50% of the stock is owned by 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. Today more than 13,000 Johnson Matthey professionals collaborate with their network of customers and partners to make a real difference to the world around us.