Berenberg Bank Increases Johnson Matthey (LON:JMAT) Price Target to GBX 1,800

Johnson Matthey (LON:JMAT - Get Free Report) had its price target boosted by Berenberg Bank from GBX 1,650 ($20.88) to GBX 1,800 ($22.78) in a research report issued on Monday, Marketbeat Ratings reports. The brokerage presently has a "hold" rating on the stock. Berenberg Bank's price objective would suggest a potential downside of 0.06% from the stock's previous close.

JMAT has been the subject of several other reports. Numis Securities restated a "buy" rating and issued a GBX 2,200 ($27.84) price target on shares of Johnson Matthey in a research report on Wednesday, March 20th. Jefferies Financial Group restated a "buy" rating and issued a GBX 2,100 ($26.58) price target on shares of Johnson Matthey in a research report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of GBX 2,010 ($25.44).

Johnson Matthey Price Performance

LON:JMAT traded up GBX 31 ($0.39) on Monday, hitting GBX 1,801 ($22.79). The company had a trading volume of 434,990 shares, compared to its average volume of 715,406. The company has a current ratio of 1.51, a quick ratio of 0.76 and a debt-to-equity ratio of 63.95. Johnson Matthey has a 52 week low of GBX 1,428.50 ($18.08) and a 52 week high of GBX 1,999 ($25.30). The firm has a 50 day moving average of GBX 1,677.96 and a two-hundred day moving average of GBX 1,618.23. The stock has a market capitalization of £3.30 billion, a price-to-earnings ratio of 1,856.70, a PEG ratio of 49,242.50 and a beta of 0.96.

Insider Buying and Selling at Johnson Matthey

In other Johnson Matthey news, insider Stephen Oxley acquired 24 shares of the company's stock in a transaction on Wednesday, February 21st. The shares were purchased at an average cost of GBX 1,597 ($20.21) per share, with a total value of £383.28 ($485.10). Over the last three months, insiders have acquired 66 shares of company stock valued at $109,920. Corporate insiders own 0.57% of the company's stock.

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.