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Johnson Matthey (LON:JMAT) Given New GBX 2,100 Price Target at Citigroup

Johnson Matthey logo with Basic Materials background

Key Points

  • Citigroup has raised its price target for Johnson Matthey from GBX 1,800 to GBX 2,100, while maintaining a "neutral" rating on the stock, indicating a potential downside of 0.57% from the previous close.
  • Other analysts, including Berenberg Bank and Deutsche Bank, have also adjusted their price targets upwards, with Deutsche Bank setting it to GBX 2,300 and maintaining a "buy" rating.
  • Insider buying activity has been noted, with Andrew Cosslett purchasing over 10,000 shares, signaling confidence from company executives in its future performance.
  • Five stocks we like better than Johnson Matthey.

Johnson Matthey (LON:JMAT - Get Free Report) had its price target raised by Citigroup from GBX 1,800 to GBX 2,100 in a research report issued on Tuesday,Digital Look reports. The brokerage currently has a "neutral" rating on the stock. Citigroup's price target indicates a potential downside of 0.57% from the company's previous close.

Other research analysts also recently issued research reports about the stock. Berenberg Bank raised their target price on shares of Johnson Matthey from GBX 1,950 to GBX 2,100 and gave the company a "hold" rating in a research report on Thursday, October 9th. Deutsche Bank Aktiengesellschaft raised 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 note on Thursday, October 9th. Finally, Jefferies Financial Group lifted their price objective on shares of Johnson Matthey from GBX 2,200 to GBX 2,420 and gave the stock a "buy" rating in a research note on Tuesday, October 14th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Johnson Matthey currently has an average rating of "Moderate Buy" and an average target price of GBX 2,230.

View Our Latest Stock Report on Johnson Matthey

Johnson Matthey Stock Down 2.1%

Johnson Matthey stock opened at GBX 2,112 on Tuesday. The company has a market cap of £3.54 billion, a P/E ratio of 10.00, a price-to-earnings-growth ratio of 49,242.50 and a beta of 0.95. Johnson Matthey has a 1-year low of GBX 1,131 and a 1-year high of GBX 2,188. The company has a fifty day simple moving average of GBX 1,957.64 and a 200 day simple moving average of GBX 1,712.91. The company has a current ratio of 1.45, a quick ratio of 0.76 and a debt-to-equity ratio of 62.73.

Insiders Place Their Bets

In other Johnson Matthey news, insider Andrew Cosslett bought 10,495 shares of Johnson Matthey stock in a transaction on Tuesday, August 26th. The shares were purchased at an average cost of GBX 1,896 per share, with a total value of £198,985.20. Over the last 90 days, insiders have purchased 10,521 shares of company stock worth $19,948,290. Insiders own 0.50% of the company's stock.

Johnson Matthey Company Profile

(Get Free Report)

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.

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