Johnson Matthey (LON:JMAT) Given New GBX 2,100 Price Target at Berenberg Bank

Johnson Matthey (LON:JMAT) had its price objective cut by Berenberg Bank from GBX 2,250 to GBX 2,100 in a research note published on Monday morning, MarketBeat reports. They currently have a buy rating on the stock.

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

Johnson Matthey Stock Up 1.4%

Shares of LON:JMAT opened at GBX 1,813 on Monday. The company has a market capitalization of £3.04 billion, a PE ratio of -27.51, a price-to-earnings-growth 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. The business has a fifty day moving average price of GBX 2,167.28 and a two-hundred day moving average price of GBX 2,107.12. Johnson Matthey has a 1 year low of GBX 1,131 and a 1 year high of GBX 2,434.

Insiders Place Their Bets

In other news, insider Alastair Judge purchased 12 shares of the company’s stock in a transaction dated Tuesday, January 13th. The shares were purchased at an average price of GBX 2,321 per share, with a total value of £278.52. Also, insider Andrew Cosslett purchased 5,136 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were purchased at an average price of GBX 1,937 per share, with a total value of £99,484.32. Insiders bought 10,430 shares of company stock valued at $20,146,398 over the last ninety days. 0.51% of the stock is currently owned by 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.