Johnson Matthey PLC (LON:JMAT) Given Average Rating of “Moderate Buy” by Brokerages

Johnson Matthey PLC (LON:JMAT) has been given an average recommendation of “Moderate Buy” by the five brokerages that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is GBX 2,298.33.

A number of brokerages recently weighed in on JMAT. Berenberg Bank raised their price objective on Johnson Matthey from GBX 2,100 to GBX 2,300 and gave the company a “buy” rating in a research report on Monday, June 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 2,400 target price on shares of Johnson Matthey in a report on Monday, July 6th. Jefferies Financial Group reissued a “restricted” rating on shares of Johnson Matthey in a research report on Friday, May 29th. Finally, UBS Group restated a “neutral” rating and issued a GBX 2,200 price target on shares of Johnson Matthey in a report on Friday, May 22nd.

Insider Activity

In other Johnson Matthey news, insider Liam Condon purchased 14 shares of Johnson Matthey stock in a transaction dated Friday, July 10th. The shares were acquired at an average cost of GBX 1,909 per share, with a total value of £267.26. Also, insider Andrew Cosslett acquired 6,884 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were acquired at an average price of GBX 2,168 per share, with a total value of £149,245.12. Insiders have purchased 11,482 shares of company stock valued at $24,691,314 in the last ninety days. 0.58% of the stock is currently owned by insiders.

Johnson Matthey Stock Up 0.3%

Shares of LON JMAT opened at GBX 1,918 on Friday. The company has a current ratio of 1.56, a quick ratio of 0.76 and a debt-to-equity ratio of 69.69. The stock has a market capitalization of £3.22 billion, a PE ratio of -33.53, a price-to-earnings-growth ratio of 49,242.50 and a beta of 0.94. The stock’s fifty day simple moving average is GBX 2,058.29 and its two-hundred day simple moving average is GBX 2,097.04. Johnson Matthey has a 12-month low of GBX 1,730.72 and a 12-month high of GBX 2,434.

Johnson Matthey (LON:JMAT) last announced its quarterly earnings results on Thursday, May 28th. The company reported GBX 128.50 earnings per share (EPS) for the quarter. The business had revenue of GBX 1,257.30 billion for the quarter. Johnson Matthey had a negative return on equity of 4.66% and a negative net margin of 0.76%. As a group, analysts expect that Johnson Matthey will post 173.4112903 EPS for the current fiscal year.

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.