Johnson Matthey PLC (LON:JMAT) Given Average Rating of “Hold” by Analysts

Shares of Johnson Matthey PLC (LON:JMATGet Rating) have earned an average recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is GBX 2,300 ($28.73).

Several equities analysts have issued reports on JMAT shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 2,000 ($24.98) price target on shares of Johnson Matthey in a research note on Monday, April 11th. Barclays reissued an “equal weight” rating and issued a GBX 2,110 ($26.36) price target on shares of Johnson Matthey in a research note on Friday, April 29th. Berenberg Bank dropped their price target on Johnson Matthey from GBX 2,800 ($34.98) to GBX 2,550 ($31.86) and set a “buy” rating on the stock in a research note on Friday, January 28th. Morgan Stanley dropped their price target on Johnson Matthey from GBX 2,400 ($29.98) to GBX 2,250 ($28.11) and set an “equal weight” rating on the stock in a research note on Tuesday, March 29th. Finally, JPMorgan Chase & Co. dropped their price target on Johnson Matthey from GBX 2,800 ($34.98) to GBX 2,600 ($32.48) and set a “neutral” rating on the stock in a research note on Thursday, January 13th.

JMAT traded up GBX 35 ($0.44) during trading on Friday, hitting GBX 2,306 ($28.81). The company’s stock had a trading volume of 344,688 shares, compared to its average volume of 1,078,174. Johnson Matthey has a twelve month low of GBX 1,650 ($20.61) and a twelve month high of GBX 3,301 ($41.24). The company has a quick ratio of 0.72, a current ratio of 1.34 and a debt-to-equity ratio of 54.77. The stock’s fifty day moving average price is GBX 1,911.89 and its 200-day moving average price is GBX 2,049.10. The firm has a market capitalization of £4.24 billion and a P/E ratio of 28.95.

In other news, insider Robert MacLeod bought 18 shares of the stock in a transaction dated Wednesday, February 16th. The shares were bought at an average cost of GBX 1,824 ($22.79) per share, with a total value of £328.32 ($410.14).

Johnson Matthey Company Profile (Get Rating)

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.

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Analyst Recommendations for Johnson Matthey (LON:JMAT)

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