Johnson Matthey PLC (LON:JMAT) Receives Consensus Rating of “Moderate Buy” from Brokerages

Johnson Matthey PLC (LON:JMAT) has been given an average rating of “Moderate Buy” by the five research firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is GBX 2,298.33.

Several equities analysts have recently issued reports on JMAT shares. Berenberg Bank increased their price target on Johnson Matthey from GBX 2,100 to GBX 2,300 and gave the company a “buy” rating in a research note on Monday, June 1st. UBS Group reiterated a “neutral” rating and issued a GBX 2,200 price target on shares of Johnson Matthey in a research note on Friday, May 22nd. Deutsche Bank Aktiengesellschaft increased their price target on Johnson Matthey from GBX 2,120 to GBX 2,400 and gave the company a “buy” rating in a research note on Friday, May 29th. Finally, Jefferies Financial Group reiterated a “restricted” rating on shares of Johnson Matthey in a research note on Friday, May 29th.

Johnson Matthey Trading Up 1.1%

Shares of JMAT stock opened at GBX 2,114 on Tuesday. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 69.69. The stock has a market cap of £3.54 billion, a P/E ratio of -36.96, a price-to-earnings-growth ratio of 49,242.50 and a beta of 0.93. The stock has a 50 day simple moving average of GBX 2,082.82 and a 200 day simple moving average of GBX 2,109.85. Johnson Matthey has a 1 year low of GBX 1,674 and a 1 year high of GBX 2,434.

Johnson Matthey (LON:JMAT) last issued its quarterly earnings results on Thursday, May 28th. The company reported GBX 128.50 earnings per share (EPS) for the quarter. Johnson Matthey had a negative return on equity of 4.66% and a negative net margin of 0.76%.The company had revenue of GBX 1,257.30 billion for the quarter. On average, research analysts predict that Johnson Matthey will post 173.4112903 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Liam Condon acquired 4,500 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was acquired at an average cost of GBX 2,127 per share, for a total transaction of £95,715. Also, insider Richard Pike acquired 14 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was bought at an average price of GBX 1,990 per share, with a total value of £278.60. Over the last three months, insiders have acquired 11,470 shares of company stock valued at $24,671,344. Company insiders own 0.51% of the company’s stock.

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.