Berenberg Bank Cuts Johnson Matthey (LON:JMAT) Price Target to GBX 2,050

Johnson Matthey (LON:JMAT) had its target price trimmed by Berenberg Bank from GBX 2,100 to GBX 2,050 in a research note released on Tuesday morning, Marketbeat reports. The firm currently has a hold rating on the stock.

Several other analysts have also recently weighed in on the stock. Citigroup raised their target price on shares of Johnson Matthey from GBX 1,800 to GBX 2,100 and gave the company a “neutral” rating in a report on Tuesday, October 21st. Panmure Gordon restated a “buy” rating and set a GBX 2,370 price target on shares of Johnson Matthey in a research note on Monday. Jefferies Financial Group lifted their price objective on Johnson Matthey from GBX 2,200 to GBX 2,420 and gave the company a “buy” rating in a report on Tuesday, October 14th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Johnson Matthey from GBX 2,100 to GBX 2,300 and gave the company a “buy” rating in a report on Thursday, October 9th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 2,248.

Johnson Matthey Stock Performance

LON:JMAT opened at GBX 1,944.16 on Tuesday. The company has a current ratio of 1.45, a quick ratio of 0.76 and a debt-to-equity ratio of 62.73. The company’s 50-day moving average price is GBX 2,072.03 and its 200-day moving average price is GBX 1,877.31. Johnson Matthey has a twelve month low of GBX 1,131 and a twelve month high of GBX 2,198. The company has a market cap of £3.26 billion, a P/E ratio of 9.21, a P/E/G ratio of 49,242.50 and a beta of 0.95.

Johnson Matthey (LON:JMAT) last announced 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 net margin of 0.84% and a return on equity of 4.49%. On average, sell-side analysts forecast that Johnson Matthey will post 173.4112903 earnings per share for the current fiscal year.

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.