Johnson Matthey (LON:JMAT) Given “Buy” Rating at Panmure Gordon

Panmure Gordon reiterated their buy rating on shares of Johnson Matthey (LON:JMAT) in a report released on Monday, MarketBeat.com reports. Panmure Gordon currently has a GBX 2,370 price objective on the stock.

Other analysts have also recently issued research reports about the stock. Citigroup boosted their target price on shares of Johnson Matthey from GBX 1,800 to GBX 2,100 and gave the stock a “neutral” rating in a research note on Tuesday, October 21st. Deutsche Bank Aktiengesellschaft upped their target price 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. Berenberg Bank lifted their price target on Johnson Matthey from GBX 1,950 to GBX 2,100 and gave the company a “hold” rating in a research note on Thursday, October 9th. Finally, Jefferies Financial Group boosted their target price on shares of Johnson Matthey from GBX 2,200 to GBX 2,420 and gave the stock a “buy” rating in a report on Tuesday, October 14th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,258.

Johnson Matthey Stock Down 2.0%

Shares of LON JMAT opened at GBX 1,934 on Monday. The company has a market cap of £3.24 billion, a price-to-earnings ratio of 9.16, a PEG ratio of 49,242.50 and a beta of 0.95. 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 12 month low of GBX 1,131 and a 12 month high of GBX 2,198. The stock has a 50-day moving average price of GBX 2,069.28 and a two-hundred day moving average price of GBX 1,871.77.

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

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.