Johnson Matthey (LON:JMAT) Issues Quarterly Earnings Results

Johnson Matthey (LON:JMAT) posted its earnings results on Thursday. The company reported GBX 51.20 earnings per share for the quarter, Digital Look Earnings reports. Johnson Matthey had a return on equity of 4.49% and a net margin of 0.84%.

Johnson Matthey Price Performance

JMAT traded down GBX 30 during trading on Thursday, reaching GBX 2,058. The stock had a trading volume of 725,228 shares, compared to its average volume of 1,738,407. The company has a debt-to-equity ratio of 62.73, a quick ratio of 0.76 and a current ratio of 1.45. The business has a 50-day moving average of GBX 2,065.48 and a 200-day moving average of GBX 1,853.76. Johnson Matthey has a one year low of GBX 1,131 and a one year high of GBX 2,198. The stock has a market cap of £3.45 billion, a PE ratio of 9.74, a PEG ratio of 49,242.50 and a beta of 0.95.

Insider Buying and Selling at Johnson Matthey

In other Johnson Matthey news, insider Andrew Cosslett acquired 10,495 shares of the stock in a transaction dated Tuesday, August 26th. The stock was purchased at an average cost of GBX 1,896 per share, for a total transaction of £198,985.20. In the last three months, insiders have purchased 10,517 shares of company stock valued at $19,945,118. Insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on JMAT. Jefferies Financial Group raised their price objective on shares of Johnson Matthey from GBX 2,200 to GBX 2,420 and gave the company a “buy” rating in a research report on Tuesday, October 14th. Berenberg Bank upped their target price on shares of Johnson Matthey from GBX 1,950 to GBX 2,100 and gave the stock a “hold” rating in a report on Thursday, October 9th. Citigroup raised their price target on shares of Johnson Matthey from GBX 1,800 to GBX 2,100 and gave the company a “neutral” rating in a report on Tuesday, October 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their price target 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 Thursday, October 9th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,230.

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.