Johnson Matthey PLC (LON:JMAT) Receives Consensus Rating of “Moderate Buy” from Brokerages

Johnson Matthey PLC (LON:JMAT) has been assigned an average rating of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is GBX 2,218.33.

JMAT has been the subject of several recent analyst reports. UBS Group reiterated a “neutral” rating and set a GBX 2,200 price target on shares of Johnson Matthey in a research note on Friday. Deutsche Bank Aktiengesellschaft boosted their target price on Johnson Matthey from GBX 1,922 to GBX 2,120 and gave the stock a “buy” rating in a report on Tuesday, April 7th. Finally, Berenberg Bank lowered their price target on Johnson Matthey from GBX 2,250 to GBX 2,100 and set a “buy” rating on the stock in a report on Monday, March 23rd.

Insider Buying and Selling

In other news, insider Liam Condon bought 14 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were acquired at an average cost of GBX 1,941 per share, for a total transaction of £271.74. Also, insider Andrew Cosslett bought 5,136 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was purchased at an average price of GBX 1,937 per share, for a total transaction of £99,484.32. In the last three months, insiders bought 10,434 shares of company stock valued at $20,144,228. Company insiders own 0.51% of the company’s stock.

Johnson Matthey Stock Up 2.7%

Johnson Matthey stock traded up GBX 58 during mid-day trading on Friday, hitting GBX 2,188. 172,920 shares of the company’s stock were exchanged, compared to its average volume of 2,911,408. Johnson Matthey has a 1-year low of GBX 1,660 and a 1-year high of GBX 2,434. The stock has a 50 day moving average of GBX 2,000.77 and a two-hundred day moving average of GBX 2,105.43. The company has a current ratio of 1.65, a quick ratio of 0.76 and a debt-to-equity ratio of 71.01. The stock has a market cap of £3.67 billion, a P/E ratio of -33.20, a P/E/G ratio of 49,242.50 and a beta of 0.91.

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.