Berenberg Bank Issues Positive Forecast for Johnson Matthey (LON:JMAT) Stock Price

Key Points

• Berenberg Bank raised Johnson Matthey’s price target to GBX 2,550 from GBX 2,300 while maintaining a “buy” rating, implying 5.28% potential upside.
• Analyst sentiment is broadly positive: four analysts rate the stock “Buy” and one rates it “Hold,” resulting in a consensus “Moderate Buy” rating and GBX 2,370 average price target.
• Johnson Matthey shares opened at GBX 2,422 and were trading down 1.8%; insiders also purchased 28,608 shares worth approximately £649,475 in the past 90 days.

Johnson Matthey (LON:JMAT - Get Free Report) had its price objective lifted by equities research analysts at Berenberg Bank from GBX 2,300 to GBX 2,550 in a report released on Wednesday, Digital Look reports. The brokerage presently has a "buy" rating on the stock. Berenberg Bank's price objective would suggest a potential upside of 5.28% from the company's current price.

JMAT has been the topic of a number of other research reports. Jefferies Financial Group reissued a "buy" rating and set a GBX 2,330 price objective on shares of Johnson Matthey in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 2,400 price target on shares of Johnson Matthey in a report on Monday, July 6th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of GBX 2,370.

Johnson Matthey Trading Down 1.8%

LON:JMAT opened at GBX 2,422 on Wednesday. Johnson Matthey has a 1 year low of GBX 2,192 and a 1 year high of GBX 3,245.33. The stock's fifty day moving average price is GBX 2,352.65 and its two-hundred day moving average price is GBX 2,150.88. The company has a debt-to-equity ratio of 69.69, a current ratio of 1.56 and a quick ratio of 0.76. The company has a market cap of £3.05 billion, a P/E ratio of -31.76, a P/E/G ratio of 49,242.50 and a beta of 0.88.

Insider Transactions at Johnson Matthey

In other news, insider Richard Pike acquired 17,635 shares of the firm's stock in a transaction that occurred on Friday, September 11th. The shares were bought at an average cost of GBX 2,248 per share, with a total value of £396,434.80. Also, insider Liam Condon bought 10,951 shares of the company's stock in a transaction that occurred on Friday, September 11th. The stock was purchased at an average price of GBX 2,306 per share, with a total value of £252,530.06. In the last ninety days, insiders purchased 28,608 shares of company stock valued at $64,947,512. Insiders own 0.77% of the company's stock.

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.

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