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

Shares of Johnson Matthey PLC (LON:JMAT) have earned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is GBX 2,283.33.

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

Johnson Matthey Stock Performance

Shares of Johnson Matthey stock opened at GBX 2,276 on Monday. The firm’s 50 day moving average is GBX 2,055.30 and its two-hundred day moving average is GBX 2,055.72. Johnson Matthey has a 52 week low of GBX 2,224 and a 52 week high of GBX 3,245.33. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 69.69. The firm has a market capitalization of £3.82 billion, a P/E ratio of -39.79, a P/E/G ratio of 49,242.50 and a beta of 0.94.

Johnson Matthey (LON:JMAT) last released 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%. Research analysts forecast that Johnson Matthey will post 173.4112903 EPS for the current fiscal year.

Insider Activity

In other Johnson Matthey news, insider Alastair Judge bought 12 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was acquired at an average cost of GBX 2,193 per share, with a total value of £263.16. Also, insider Andrew Cosslett purchased 6,884 shares of Johnson Matthey stock in a transaction dated Wednesday, June 3rd. The stock was acquired at an average cost of GBX 2,168 per share, with a total value of £149,245.12. Insiders have purchased a total of 6,974 shares of company stock worth $15,102,970 over the last quarter. Insiders own 0.58% 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.