Johnson Matthey PLC (LON:JMAT) Given Consensus Rating of “Moderate Buy” by Analysts

Johnson Matthey PLC (LON:JMAT) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is GBX 2,283.33.

Several research analysts have recently weighed in on JMAT shares. UBS Group restated a “neutral” rating and issued a GBX 2,200 target price on shares of Johnson Matthey in a research note on Friday, May 22nd. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 2,330 price objective on shares of Johnson Matthey in a report on Tuesday, August 4th. Berenberg Bank upped their price objective on shares of Johnson Matthey from GBX 2,100 to GBX 2,300 and gave the company a “buy” rating in a research report on Monday, June 1st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 2,400 target price on shares of Johnson Matthey in a research note on Monday, July 6th.

Insider Activity at Johnson Matthey

In related news, insider Liam Condon purchased 14 shares of the firm’s stock in a transaction dated Friday, July 10th. The stock was acquired at an average price of GBX 1,909 per share, with a total value of £267.26. Also, insider Richard Pike purchased 14 shares of the company’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. Insiders acquired a total of 11,462 shares of company stock worth $24,648,154 over the last three months. 0.58% of the stock is owned by corporate insiders.

Johnson Matthey Stock Performance

Shares of LON:JMAT opened at GBX 2,188 on Thursday. The business’s 50-day simple moving average is GBX 2,015.71 and its 200 day simple moving average is GBX 2,063.89. The company has a market cap of £3.67 billion, a P/E ratio of -38.25, a PEG 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. Johnson Matthey has a one year low of GBX 1,731.83 and a one year high of GBX 2,434.

Johnson Matthey (LON:JMAT) last issued its quarterly earnings data on Thursday, May 28th. The company reported GBX 128.50 earnings per share (EPS) for the quarter. The company had revenue of GBX 1,257.30 billion during 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 forecast that Johnson Matthey will post 173.4112903 earnings per share for the current fiscal year.

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.