Johnson Matthey (LON:JMAT) Given New GBX 2,400 Price Target at Deutsche Bank Aktiengesellschaft

Johnson Matthey (LON:JMAT) had its price objective raised by Deutsche Bank Aktiengesellschaft from GBX 2,120 to GBX 2,400 in a research note released on Friday morning, Marketbeat reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

A number of other analysts have also recently issued reports on JMAT. Jefferies Financial Group reissued a “restricted” rating on shares of Johnson Matthey in a research note on Friday. UBS Group reaffirmed a “neutral” rating and set a GBX 2,200 target price on shares of Johnson Matthey in a research note on Friday, May 22nd. Finally, Berenberg Bank cut their target price on shares of Johnson Matthey from GBX 2,250 to GBX 2,100 and set a “buy” rating for the company in a research note on Monday, March 23rd. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,265.

Johnson Matthey Price Performance

Shares of Johnson Matthey stock opened at GBX 2,120 on Friday. The firm has a market cap of £3.55 billion, a PE ratio of -32.17, a price-to-earnings-growth ratio of 49,242.50 and a beta of 0.91. Johnson Matthey has a 12-month low of GBX 1,660 and a 12-month high of GBX 2,434. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 69.69. The company’s fifty day simple moving average is GBX 2,030.28 and its two-hundred day simple moving average is GBX 2,107.61.

Johnson Matthey (LON:JMAT) last posted its earnings results on Thursday, May 28th. The company reported GBX 128.50 EPS for the quarter. Johnson Matthey had a negative net margin of 0.76% and a negative return on equity of 4.66%. The firm had revenue of GBX 1,257.30 billion during the quarter. As a group, equities analysts expect that Johnson Matthey will post 173.4112903 EPS for the current year.

Insider Buying and Selling at Johnson Matthey

In other news, insider Liam Condon bought 14 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was purchased at an average cost of GBX 1,941 per share, for a total transaction of £271.74. Also, insider Alastair Judge acquired 14 shares of Johnson Matthey stock in a transaction on Wednesday, April 15th. The shares were bought at an average price of GBX 2,022 per share, with a total value of £283.08. Over the last quarter, insiders purchased 72 shares of company stock valued at $146,198. Company insiders own 0.51% of the company’s stock.

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.