Berenberg Bank Cuts Johnson Matthey (LON:JMAT) Price Target to GBX 2,100

Johnson Matthey (LON:JMAT) had its price target decreased by Berenberg Bank from GBX 2,250 to GBX 2,100 in a report released on Monday morning, MarketBeat reports. Berenberg Bank currently has a buy rating on the stock.

Several other equities analysts also recently issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Johnson Matthey from GBX 2,300 to GBX 2,400 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Panmure Gordon restated a “buy” rating and set a GBX 2,370 target price on shares of Johnson Matthey in a report on Monday, November 24th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Johnson Matthey currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,278.

Johnson Matthey Stock Up 1.6%

Shares of JMAT opened at GBX 1,889 on Monday. The company has a market capitalization of £3.16 billion, a P/E ratio of -28.66, a PEG ratio of 49,242.50 and a beta of 0.96. The company has a debt-to-equity ratio of 71.01, a current ratio of 1.65 and a quick ratio of 0.76. Johnson Matthey has a one year low of GBX 1,131 and a one year high of GBX 2,434. The business’s 50 day simple moving average is GBX 2,147.68 and its 200-day simple moving average is GBX 2,105.06.

Insider Buying and Selling

In other Johnson Matthey news, insider Andrew Cosslett bought 5,136 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were bought at an average cost of GBX 1,937 per share, for a total transaction of £99,484.32. Also, insider Alastair Judge bought 12 shares of Johnson Matthey stock in a transaction dated Tuesday, January 13th. The stock was acquired at an average cost of GBX 2,321 per share, for a total transaction of £278.52. Insiders bought a total of 10,430 shares of company stock worth $20,146,398 over the last three months. 0.51% of the stock is currently owned by company insiders.

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.