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

Johnson Matthey PLC (LON:JMAT) has been assigned a consensus rating of “Moderate Buy” from the five brokerages that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is GBX 2,298.33.

Several equities research analysts recently weighed in on JMAT shares. Deutsche Bank Aktiengesellschaft boosted their target price on Johnson Matthey from GBX 2,120 to GBX 2,400 and gave the stock a “buy” rating in a research note on Friday, May 29th. UBS Group restated a “neutral” rating and set a GBX 2,200 target price on shares of Johnson Matthey in a research note on Friday, May 22nd. Berenberg Bank boosted their target price on Johnson Matthey from GBX 2,100 to GBX 2,300 and gave the stock a “buy” rating in a research note on Monday, June 1st. Finally, Jefferies Financial Group restated a “restricted” rating on shares of Johnson Matthey in a research note on Friday, May 29th.

Insiders Place Their Bets

In other Johnson Matthey news, insider Liam Condon bought 4,500 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was purchased at an average price of GBX 2,127 per share, for a total transaction of £95,715. Also, insider Andrew Cosslett bought 6,884 shares of the firm’s stock in a transaction that occurred on 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 bought 11,470 shares of company stock worth $24,671,344 in the last three months. 0.51% of the stock is owned by company insiders.

Johnson Matthey Stock Performance

Shares of Johnson Matthey stock opened at GBX 2,048 on Tuesday. Johnson Matthey has a one year low of GBX 1,674 and a one year high of GBX 2,434. The company has a market cap of £3.43 billion, a PE ratio of -35.80, a P/E/G 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. The business has a 50-day simple moving average of GBX 2,101.91 and a 200-day simple moving average of GBX 2,115.58.

Johnson Matthey (LON:JMAT) last announced its quarterly earnings data on Thursday, May 28th. The company reported GBX 128.50 EPS for the quarter. Johnson Matthey had a negative return on equity of 4.66% and a negative net margin of 0.76%.The business had revenue of GBX 1,257.30 billion during the quarter. On average, equities research analysts forecast 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.