Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Johnson Matthey (LON:JMAT) Stock Price

Johnson Matthey (LON:JMAT) had its price objective boosted by Deutsche Bank Aktiengesellschaft from GBX 2,300 to GBX 2,400 in a report published on Wednesday, MarketBeat Ratings reports. The brokerage currently has a buy rating on the stock.

JMAT has been the topic of several other reports. Jefferies Financial Group boosted their target price on Johnson Matthey from GBX 2,200 to GBX 2,420 and gave the stock a “buy” rating in a report on Tuesday, October 14th. Berenberg Bank cut their price objective 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. Citigroup boosted their price objective on 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. Finally, 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. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,268.

Johnson Matthey Stock Performance

Shares of JMAT opened at GBX 2,311.34 on Wednesday. Johnson Matthey has a 52 week low of GBX 1,131 and a 52 week high of GBX 2,382. The company has a market capitalization of £3.87 billion, a PE ratio of -35.07, a PEG ratio of 49,242.50 and a beta of 0.95. The company’s 50 day moving average price is GBX 2,136.39 and its 200 day moving average price is GBX 2,016.56. The company has a debt-to-equity ratio of 62.73, a quick ratio of 0.76 and a current ratio of 1.45.

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%. Research analysts expect that Johnson Matthey will post 173.4112903 EPS for the current fiscal year.

Insider Activity

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

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.