Johnson Matthey (LON:JMAT) Given Buy Rating at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reissued their buy rating on shares of Johnson Matthey (LON:JMAT) in a report published on Monday morning,Digital Look reports. Deutsche Bank Aktiengesellschaft currently has a GBX 2,400 price objective on the stock.

Other equities analysts also recently issued research reports about the company. UBS Group reaffirmed a “neutral” rating and issued a GBX 2,200 target price on shares of Johnson Matthey in a research report on Friday, May 22nd. Jefferies Financial Group restated a “restricted” rating on shares of Johnson Matthey in a research note on Friday, May 29th. Finally, Berenberg Bank upped their price objective on Johnson Matthey from GBX 2,100 to GBX 2,300 and gave the company a “buy” rating in a report on Monday, June 1st. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Johnson Matthey has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,298.33.

Johnson Matthey Stock Performance

LON JMAT opened at GBX 1,970 on Monday. The stock has a market cap of £3.30 billion, a PE ratio of -34.44, a P/E/G ratio of 49,242.50 and a beta of 0.94. The company has a debt-to-equity ratio of 69.69, a quick ratio of 0.76 and a current ratio of 1.56. The firm has a 50-day moving average of GBX 2,087.96 and a 200-day moving average of GBX 2,112.01. Johnson Matthey has a 52-week low of GBX 1,730.72 and a 52-week high of GBX 2,434.

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

Insider Buying and Selling

In related news, insider Liam Condon bought 4,500 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was acquired at an average cost of GBX 2,127 per share, with a total value of £95,715. Also, insider Richard Pike purchased 14 shares of Johnson Matthey stock in a transaction on Wednesday, June 10th. The stock was bought at an average price of GBX 1,990 per share, for a total transaction 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.

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.