Deutsche Bank Aktiengesellschaft Boosts Johnson Matthey (LON:JMAT) Price Target to GBX 2,400

Johnson Matthey (LON:JMAT) had its price target increased by research analysts at Deutsche Bank Aktiengesellschaft from GBX 2,300 to GBX 2,400 in a report issued on Wednesday,Digital Look reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 3.84% from the company’s current price.

Several other equities analysts also recently issued reports on JMAT. Jefferies Financial Group boosted their price objective on Johnson Matthey from GBX 2,200 to GBX 2,420 and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Citigroup lifted their target price on Johnson Matthey from GBX 1,800 to GBX 2,100 and gave the company a “neutral” rating in a research note on Tuesday, October 21st. Berenberg Bank reduced their price target on Johnson Matthey from GBX 2,100 to GBX 2,050 and set a “hold” rating for the company in a research report on Tuesday, November 25th. Finally, Panmure Gordon restated a “buy” rating and set a GBX 2,370 price objective on shares of Johnson Matthey in a research note on Monday, November 24th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Johnson Matthey has a consensus rating of “Moderate Buy” and an average price target of GBX 2,268.

Johnson Matthey Stock Performance

LON JMAT traded up GBX 7.34 during trading hours on Wednesday, hitting GBX 2,311.34. The company had a trading volume of 28,669,834 shares, compared to its average volume of 3,071,254. The company has a quick ratio of 0.76, a current ratio of 1.45 and a debt-to-equity ratio of 62.73. The firm has a market cap of £3.87 billion, a P/E ratio of -35.07, a price-to-earnings-growth ratio of 49,242.50 and a beta of 0.95. Johnson Matthey has a fifty-two week low of GBX 1,131 and a fifty-two week high of GBX 2,382. The business has a fifty day simple moving average of GBX 2,133.36 and a 200-day simple moving average of GBX 2,014.48.

Johnson Matthey (LON:JMAT) last released its quarterly earnings results 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%. Equities analysts predict that Johnson Matthey will post 173.4112903 EPS for the current year.

Insider Buying and Selling at Johnson Matthey

In related news, insider Alastair Judge acquired 12 shares of the stock in a transaction that occurred on Tuesday, January 13th. The shares were purchased at an average cost of GBX 2,321 per share, with a total value of £278.52. Also, insider Liam Condon acquired 14 shares of the company’s stock in a transaction on Wednesday, December 10th. The stock was bought at an average price of GBX 2,013 per share, for a total transaction of £281.82. Insiders have purchased 46 shares of company stock worth $100,894 over the last three months. 0.50% of the stock is owned by insiders.

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.