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Johnson Matthey PLC (LON:JMAT) Given Consensus Rating of "Hold" by Brokerages

Wednesday, September 16, 2020 | MarketBeat

Johnson Matthey PLC (LON:JMAT) has received a consensus recommendation of "Hold" from the twelve brokerages that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is GBX 2,750 ($35.93).

JMAT has been the topic of a number of research analyst reports. Morgan Stanley raised their price objective on shares of Johnson Matthey from GBX 2,700 ($35.28) to GBX 2,850 ($37.24) and gave the company an "overweight" rating in a research note on Monday, June 22nd. Sanford C. Bernstein raised their price objective on shares of Johnson Matthey from GBX 3,400 ($44.43) to GBX 3,500 ($45.73) and gave the company an "outperform" rating in a research note on Tuesday, July 14th. HSBC raised their price objective on shares of Johnson Matthey from GBX 1,850 ($24.17) to GBX 2,050 ($26.79) and gave the company a "hold" rating in a research note on Tuesday, June 23rd. Citigroup reiterated a "buy" rating on shares of Johnson Matthey in a research note on Wednesday, June 3rd. Finally, Barclays lowered their price objective on shares of Johnson Matthey from GBX 2,650 ($34.63) to GBX 2,450 ($32.01) and set an "equal weight" rating on the stock in a research note on Monday, July 6th.

JMAT opened at GBX 2,624 ($34.29) on Wednesday. The business's 50 day moving average is GBX 2,386.20 and its 200-day moving average is GBX 2,155.26. The stock has a market cap of $5.08 billion and a PE ratio of 19.86. The company has a current ratio of 1.32, a quick ratio of 0.71 and a debt-to-equity ratio of 50.71. Johnson Matthey has a twelve month low of GBX 1,614 ($21.09) and a twelve month high of GBX 3,294 ($43.04).

In other Johnson Matthey news, insider Robert MacLeod sold 11,968 shares of Johnson Matthey stock in a transaction on Monday, August 3rd. The shares were sold at an average price of GBX 2,245 ($29.33), for a total transaction of £268,681.60 ($351,080.10). Also, insider Anna Manz bought 18 shares of the firm's stock in a transaction on Wednesday, August 19th. The shares were bought at an average cost of GBX 2,384 ($31.15) per share, with a total value of £429.12 ($560.72).

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.

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Analyst Recommendations for Johnson Matthey (LON:JMAT)

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