Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for Johnson Matthey (LON:JMAT) Stock

Johnson Matthey (LON:JMAT) had its price target boosted by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 2,300 to GBX 2,400 in a report issued on Wednesday, MarketBeat reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 1.48% from the company’s current price.

Several other equities analysts have also recently weighed in on JMAT. Jefferies Financial Group raised their price target 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. Berenberg Bank lowered their target price on Johnson Matthey from GBX 2,100 to GBX 2,050 and set a “hold” rating for the company in a research report on Tuesday, November 25th. Citigroup boosted their price target on shares of Johnson Matthey from GBX 1,800 to GBX 2,100 and gave the stock a “neutral” rating in a research report on Tuesday, October 21st. Finally, Panmure Gordon reiterated a “buy” rating and set a GBX 2,370 price objective on shares of Johnson Matthey in a research report on Monday, November 24th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Johnson Matthey has an average rating of “Moderate Buy” and a consensus price target of GBX 2,268.

Johnson Matthey Stock Up 1.1%

Shares of JMAT stock opened at GBX 2,364.91 on Wednesday. The company’s fifty day simple moving average is GBX 2,140.08 and its two-hundred day simple moving average is GBX 2,018.98. Johnson Matthey has a 52 week low of GBX 1,131 and a 52 week high of GBX 2,382. The stock has a market cap of £3.96 billion, a P/E ratio of -35.89, a PEG 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%. Analysts predict that Johnson Matthey will post 173.4112903 EPS for the current fiscal year.

Insider Transactions at Johnson Matthey

In other news, insider Liam Condon acquired 14 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was acquired at an average price of GBX 2,013 per share, with a total value of £281.82. Also, insider Alastair Judge bought 12 shares of the company’s stock in a transaction on Tuesday, January 13th. The shares were acquired at an average price of GBX 2,321 per share, with a total value of £278.52. Insiders purchased a total of 46 shares of company stock worth $100,894 over the last three months. 0.50% of the stock is currently owned by corporate insiders.

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. 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.