Johnson Matthey (LON:JMAT) Price Target Lowered to GBX 2,100 at Berenberg Bank

Key Points

• Berenberg Bank cut its target price for Johnson Matthey to GBX 2,100 (from GBX 2,250) but kept a buy rating, implying about a 15.83% upside from the prior close.
• Analyst sentiment remains positive with a consensus of “Moderate Buy” (average target GBX 2,278) after several firms issued buy ratings and higher targets in recent months.
• The stock traded at GBX 1,813 (up 1.4%) on heavy volume, and notable insider activity included purchases totaling 10,430 shares worth ~$20.15M in the last 90 days, while insiders hold 0.51% of the stock.

Johnson Matthey (LON:JMAT - Get Free Report) had its target price reduced by stock analysts at Berenberg Bank from GBX 2,250 to GBX 2,100 in a report released on Monday,London Stock Exchange reports. The firm currently has a "buy" rating on the stock. Berenberg Bank's target price would suggest a potential upside of 15.83% from the company's previous close.

Several other analysts also recently commented on JMAT. Panmure Gordon reissued a "buy" rating and issued a GBX 2,370 target price on shares of Johnson Matthey in a research report on Monday, November 24th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Johnson Matthey from GBX 2,300 to GBX 2,400 and gave the company a "buy" rating in a report on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of GBX 2,278.

Johnson Matthey Stock Up 1.4%

Shares of LON JMAT traded up GBX 25 during trading hours on Monday, hitting GBX 1,813. The stock had a trading volume of 7,259,922 shares, compared to its average volume of 2,707,179. The firm's 50-day moving average price is GBX 2,177.62 and its two-hundred day moving average price is GBX 2,107.86. Johnson Matthey has a 52 week low of GBX 1,131 and a 52 week high of GBX 2,434. The company has a market capitalization of £3.04 billion, a P/E ratio of -27.51, a P/E/G ratio of 49,242.50 and a beta of 0.96. The company has a debt-to-equity ratio of 71.01, a quick ratio of 0.76 and a current ratio of 1.65.

Insider Buying and Selling

In related news, insider Liam Condon purchased 14 shares of the stock in a transaction on Wednesday, March 11th. The shares were bought at an average price of GBX 1,941 per share, for a total transaction of £271.74. Also, insider Alastair Judge purchased 12 shares of the company's stock in a transaction dated Tuesday, January 13th. The stock was purchased at an average cost of GBX 2,321 per share, for a total transaction of £278.52. In the last ninety days, insiders purchased 10,430 shares of company stock worth $20,146,398. 0.51% 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. 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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