Brokerages Set Johnson Matthey PLC (LON:JMAT) Target Price at GBX 2,010

Johnson Matthey PLC (LON:JMAT) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is GBX 2,010 ($24.83).

JMAT has been the topic of several recent analyst reports. Berenberg Bank boosted their price target on Johnson Matthey from GBX 1,650 ($20.38) to GBX 1,800 ($22.23) and gave the company a “hold” rating in a research note on Monday, April 8th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 2,100 ($25.94) price target on shares of Johnson Matthey in a research note on Wednesday, March 20th. Finally, Numis Securities reaffirmed a “buy” rating and issued a GBX 2,200 ($27.17) price target on shares of Johnson Matthey in a research note on Wednesday, March 20th.

Johnson Matthey Price Performance

Shares of LON:JMAT opened at GBX 1,745 ($21.55) on Friday. The business’s 50 day moving average is GBX 1,716.94 and its 200-day moving average is GBX 1,632.25. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 63.95. The firm has a market capitalization of £3.20 billion, a PE ratio of 1,813.25, a PEG ratio of 49,242.50 and a beta of 0.98. Johnson Matthey has a 1-year low of GBX 1,428.50 ($17.64) and a 1-year high of GBX 1,970.50 ($24.34).

Insider Buying and Selling at Johnson Matthey

In other Johnson Matthey news, insider Stephen Oxley acquired 18 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was purchased at an average price of GBX 1,864 ($23.02) per share, for a total transaction of £335.52 ($414.43). In other news, insider Stephen Oxley bought 18 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was bought at an average price of GBX 1,864 ($23.02) per share, for a total transaction of £335.52 ($414.43). Also, insider Liam Condon bought 24 shares of the company’s stock in a transaction dated Wednesday, April 17th. The shares were purchased at an average price of GBX 1,767 ($21.83) per share, with a total value of £424.08 ($523.81). In the last quarter, insiders acquired 66 shares of company stock worth $114,288. 0.60% 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.