Berenberg Bank Lowers Johnson Matthey (LON:JMAT) Price Target to GBX 2,100

Johnson Matthey (LON:JMAT) had its target price cut by analysts at Berenberg Bank from GBX 2,250 to GBX 2,100 in a research note issued on Monday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 15.83% from the company’s current price.

JMAT has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft raised their target price on Johnson Matthey from GBX 2,300 to GBX 2,400 and gave the company a “buy” rating in a report on Wednesday, January 21st. Panmure Gordon reissued a “buy” rating and issued a GBX 2,370 price objective on shares of Johnson Matthey in a research report on Monday, November 24th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Johnson Matthey has a consensus rating of “Moderate Buy” and an average target price of GBX 2,278.

Johnson Matthey Stock Performance

Shares of LON:JMAT traded up GBX 25 during midday trading on Monday, hitting GBX 1,813. The company’s stock had a trading volume of 7,259,922 shares, compared to its average volume of 2,707,179. The company has a debt-to-equity ratio of 71.01, a quick ratio of 0.76 and a current ratio of 1.65. The stock’s 50 day simple moving average is GBX 2,177.62 and its 200 day simple moving average is GBX 2,107.86. The stock has a market capitalization of £3.04 billion, a price-to-earnings ratio of -27.51, a PEG ratio of 49,242.50 and a beta of 0.96. Johnson Matthey has a fifty-two week low of GBX 1,131 and a fifty-two week high of GBX 2,434.

Insider Activity at Johnson Matthey

In other news, insider Alastair Judge purchased 12 shares of the business’s stock in a transaction on Tuesday, January 13th. The stock was purchased at an average price of GBX 2,321 per share, with a total value of £278.52. Also, insider Andrew Cosslett acquired 5,136 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The shares were purchased at an average cost of GBX 1,937 per share, for a total transaction of £99,484.32. Over the last 90 days, insiders purchased 10,430 shares of company stock worth $20,146,398. 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.