Berenberg Bank Has Lowered Expectations for Johnson Matthey (LON:JMAT) Stock Price

Johnson Matthey (LON:JMAT) had its price target dropped by analysts at Berenberg Bank from GBX 2,100 to GBX 2,050 in a report issued on Tuesday,London Stock Exchange reports. The brokerage currently has a “hold” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 4.38% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Panmure Gordon reaffirmed a “buy” rating and issued a GBX 2,370 price target on shares of Johnson Matthey in a research note on Monday. Jefferies Financial Group boosted their target price on 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. Deutsche Bank Aktiengesellschaft increased their price target on Johnson Matthey from GBX 2,100 to GBX 2,300 and gave the stock a “buy” rating in a report on Thursday, October 9th. Finally, Citigroup upped their target price on Johnson Matthey from GBX 1,800 to GBX 2,100 and gave the stock a “neutral” rating in a research report on Tuesday, October 21st. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,248.

Johnson Matthey Trading Up 0.3%

LON JMAT traded up GBX 5 during trading hours on Tuesday, hitting GBX 1,964. 536,095 shares of the company’s stock were exchanged, compared to its average volume of 1,789,637. The firm has a market cap of £3.29 billion, a price-to-earnings ratio of 9.30, a PEG ratio of 49,242.50 and a beta of 0.95. The stock has a 50-day simple moving average of GBX 2,070.40 and a 200 day simple moving average of GBX 1,876.23. The company has a current ratio of 1.45, a quick ratio of 0.76 and a debt-to-equity ratio of 62.73. Johnson Matthey has a 1-year low of GBX 1,131 and a 1-year high of GBX 2,198.

Johnson Matthey (LON:JMAT) last announced its quarterly earnings data on Thursday, November 20th. The company reported GBX 51.20 EPS for the quarter. Johnson Matthey had a net margin of 0.84% and a return on equity of 4.49%. On average, equities analysts forecast that Johnson Matthey will post 173.4112903 EPS for the current fiscal year.

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.