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

Key Points

• Berenberg Bank has increased the price target for Johnson Matthey from GBX 1,950 to GBX 2,100, indicating a potential upside of 1.51% from the current stock price.
• Johnson Matthey's stock is currently trading at GBX 2,068.74, with a one-year range between GBX 1,131 and GBX 2,112.
• Insider Andrew Cosslett purchased 10,495 shares at an average cost of GBX 1,896, reflecting insider confidence in the company's performance.

Johnson Matthey (LON:JMAT - Get Free Report) had its price objective lifted by equities research analysts at Berenberg Bank from GBX 1,950 to GBX 2,100 in a research report issued on Thursday,Digital Look reports. The firm presently has a "hold" rating on the stock. Berenberg Bank's price target would suggest a potential upside of 1.51% from the stock's current price.

Johnson Matthey Stock Up 0.0%

JMAT traded up GBX 0.74 during trading on Thursday, reaching GBX 2,068.74. The stock had a trading volume of 322,726 shares, compared to its average volume of 1,804,208. Johnson Matthey has a one year low of GBX 1,131 and a one year high of GBX 2,112. The company has a market capitalization of £3.47 billion, a price-to-earnings ratio of 979.52, a P/E/G ratio of 49,242.50 and a beta of 0.95. The stock's 50 day moving average is GBX 1,906.01 and its two-hundred day moving average is GBX 1,668.91. The company has a current ratio of 1.45, a quick ratio of 0.76 and a debt-to-equity ratio of 62.73.

Insider Activity at Johnson Matthey

In other Johnson Matthey news, insider Andrew Cosslett acquired 10,495 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The shares were bought at an average cost of GBX 1,896 per share, with a total value of £198,985.20. 0.50% of the stock is owned by company 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.

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