Johnson Matthey PLC (LON:JMAT) Stock Has Consensus Target Price of GBX 2,283.33

Key Points

• Analysts rate Johnson Matthey “Moderate Buy”: Four of six analysts recommend buying the stock, while two rate it a hold. The consensus 12-month target price is GBX 2,283.33.
• Deutsche Bank, Jefferies and Berenberg maintained buy ratings, with price targets ranging from GBX 2,300 to GBX 2,400.
• Insiders recently bought shares: Executives purchased 28,636 shares over the past 90 days, including transactions by Richard Pike and Liam Condon totaling more than £648,000.

Johnson Matthey PLC (LON:JMAT - Get Free Report) has been assigned an average rating of "Moderate Buy" from the six research firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is GBX 2,283.33.

Several research firms have commented on JMAT. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 2,400 target price on shares of Johnson Matthey in a report on Monday, July 6th. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 2,330 price target on shares of Johnson Matthey in a research report on Tuesday, August 4th. Finally, Berenberg Bank upped their price target on shares of 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.

Johnson Matthey Stock Performance

Johnson Matthey stock opened at GBX 2,348 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 69.69. The company has a market capitalization of £2.96 billion, a P/E ratio of -30.79, a PEG ratio of 49,242.50 and a beta of 0.93. The stock's 50 day moving average is GBX 2,182.33 and its 200 day moving average is GBX 2,076.78. Johnson Matthey has a twelve month low of GBX 2,192 and a twelve month high of GBX 3,245.33.

Insiders Place Their Bets

In other news, insider Richard Pike purchased 17,635 shares of the business's stock in a transaction dated Friday, September 11th. The shares were purchased at an average price of GBX 2,248 per share, for a total transaction of £396,434.80. Also, insider Liam Condon purchased 10,951 shares of the business's stock in a transaction dated Friday, September 11th. The shares were purchased at an average price of GBX 2,306 per share, for a total transaction of £252,530.06. Over the last ninety days, insiders bought 28,636 shares of company stock valued at $64,995,344. Insiders own 0.74% 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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