Deutsche Bank Aktiengesellschaft Reiterates “Buy” Rating for Johnson Matthey (LON:JMAT)

Johnson Matthey (LON:JMAT)‘s stock had its “buy” rating reaffirmed by stock analysts at Deutsche Bank Aktiengesellschaft in a research report issued on Monday,Digital Look reports. They currently have a GBX 2,400 price target on the stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 20.18% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. UBS Group reiterated 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 report on Friday, May 29th. Finally, Berenberg Bank upped their price target on shares of Johnson Matthey from GBX 2,100 to GBX 2,300 and gave the stock a “buy” rating in a research note on Monday, June 1st. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Johnson Matthey presently has an average rating of “Moderate Buy” and an average price target of GBX 2,298.33.

Johnson Matthey Stock Up 2.0%

Shares of Johnson Matthey stock opened at GBX 1,997 on Monday. The business has a 50-day moving average price of GBX 2,089.22 and a 200 day moving average price of GBX 2,112.77. Johnson Matthey has a fifty-two week low of GBX 1,730.72 and a fifty-two week high of GBX 2,434. The firm has a market cap of £3.35 billion, a P/E ratio of -34.91, a P/E/G ratio of 49,242.50 and a beta of 0.94. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 69.69.

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

Insider Transactions at Johnson Matthey

In other Johnson Matthey news, insider Alastair Judge acquired 14 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The shares were purchased at an average price of GBX 1,990 per share, with a total value of £278.60. Also, insider Liam Condon purchased 4,500 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were acquired at an average price of GBX 2,127 per share, for a total transaction of £95,715. Insiders have acquired a total of 11,470 shares of company stock valued at $24,671,344 in the last three months. 0.51% of the stock is currently 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.