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

Shares of Johnson Matthey PLC (LON:JMAT) have earned an average rating of “Moderate Buy” from the five ratings firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is GBX 2,298.33.

JMAT has been the subject of a number of 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, May 22nd. Jefferies Financial Group reissued a “restricted” rating on shares of Johnson Matthey in a research report on Friday, May 29th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Johnson Matthey from GBX 2,120 to GBX 2,400 and gave the stock a “buy” rating in a research report on Friday, May 29th. Finally, Berenberg Bank lifted their target price on shares of Johnson Matthey from GBX 2,100 to GBX 2,300 and gave the stock a “buy” rating in a research report on Monday, June 1st.

Insider Activity

In other news, insider Richard Pike bought 14 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were purchased at an average price of GBX 1,990 per share, with a total value of £278.60. Also, insider Andrew Cosslett bought 6,884 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were purchased at an average cost of GBX 2,168 per share, for a total transaction of £149,245.12. Insiders bought 11,470 shares of company stock worth $24,671,344 in the last quarter. 0.51% of the stock is owned by corporate insiders.

Johnson Matthey Price Performance

JMAT stock opened at GBX 2,114 on Tuesday. The company has a market capitalization of £3.54 billion, a P/E ratio of -36.96, a price-to-earnings-growth ratio of 49,242.50 and a beta of 0.93. The company has a debt-to-equity ratio of 69.69, a quick ratio of 0.76 and a current ratio of 1.56. Johnson Matthey has a 52-week low of GBX 1,674 and a 52-week high of GBX 2,434. The business has a 50-day simple moving average of GBX 2,082.82 and a two-hundred day simple moving average of GBX 2,109.85.

Johnson Matthey (LON:JMAT) last released 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 during the quarter. Johnson Matthey had a negative return on equity of 4.66% and a negative net margin of 0.76%. Research 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.