Johnson Matthey (LON:JMAT) Given New GBX 1,950 Price Target at Berenberg Bank

Johnson Matthey (LON:JMAT - Get Free Report) had its price objective raised by equities researchers at Berenberg Bank from GBX 1,800 ($24.31) to GBX 1,950 ($26.34) in a note issued to investors on Monday, MarketBeat.com reports. The brokerage currently has a "hold" rating on the stock. Berenberg Bank's price target would indicate a potential upside of 6.04% from the company's current price.

Johnson Matthey Stock Performance

JMAT stock traded down GBX 8 ($0.11) during mid-day trading on Monday, hitting GBX 1,839 ($24.84). 379,849 shares of the company were exchanged, compared to its average volume of 2,137,298. The business has a 50 day simple moving average of GBX 1,739.88 and a 200-day simple moving average of GBX 1,487.04. The company has a current ratio of 1.45, a quick ratio of 0.76 and a debt-to-equity ratio of 62.73. The stock has a market capitalization of £3.08 billion, a PE ratio of 31.25, 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 ($15.28) and a 1-year high of GBX 1,901 ($25.68).

Johnson Matthey (LON:JMAT - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The company reported GBX 149.20 ($2.02) earnings per share for the quarter. Johnson Matthey had a return on equity of 4.49% and a net margin of 0.84%. On average, equities analysts forecast that Johnson Matthey will post 173.4112903 earnings per share for the current year.

About Johnson Matthey

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.