UBS Group Reaffirms “Neutral” Rating for Johnson Matthey (LON:JMAT)

Johnson Matthey (LON:JMAT)‘s stock had its “neutral” rating reiterated by equities research analysts at UBS Group in a research report issued on Friday,Digital Look reports. They presently have a GBX 2,200 price target on the stock. UBS Group’s price objective suggests a potential upside of 0.73% from the stock’s current price.

Several other analysts have also issued reports on the stock. Berenberg Bank reduced their price target on shares of Johnson Matthey from GBX 2,250 to GBX 2,100 and set a “buy” rating on the stock in a research report on Monday, March 23rd. Deutsche Bank Aktiengesellschaft upped their target price on Johnson Matthey from GBX 1,922 to GBX 2,120 and gave the stock a “buy” rating in a research note on Tuesday, April 7th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,218.33.

Johnson Matthey Trading Up 2.5%

Shares of JMAT stock opened at GBX 2,184 on Friday. The stock has a 50 day simple moving average of GBX 2,000.77 and a 200 day simple moving average of GBX 2,105.43. The stock has a market cap of £3.66 billion, a P/E ratio of -33.14, a price-to-earnings-growth ratio of 49,242.50 and a beta of 0.91. The company has a current ratio of 1.65, a quick ratio of 0.76 and a debt-to-equity ratio of 71.01. Johnson Matthey has a 1 year low of GBX 1,660 and a 1 year high of GBX 2,434.

Insider Activity at Johnson Matthey

In other Johnson Matthey news, insider Alastair Judge bought 14 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were acquired at an average cost of GBX 2,022 per share, for a total transaction of £283.08. Also, insider Liam Condon purchased 5,226 shares of the firm’s stock in a transaction on Monday, February 23rd. The stock was acquired at an average price of GBX 1,923 per share, with a total value of £100,495.98. Insiders acquired a total of 10,434 shares of company stock worth $20,144,228 in the last quarter. 0.51% of the stock is owned by 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.