Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Johnson Matthey (LON:JMAT) Stock Price

Johnson Matthey (LON:JMAT) had its target price boosted by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 2,120 to GBX 2,400 in a report issued on Friday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 13.21% from the company’s previous close.

A number of other analysts have also issued reports on JMAT. Jefferies Financial Group restated a “restricted” rating on shares of Johnson Matthey in a research report on Friday. UBS Group restated a “neutral” rating and set a GBX 2,200 target price on shares of Johnson Matthey in a research report on Friday, May 22nd. Finally, Berenberg Bank decreased their target price on shares of Johnson Matthey from GBX 2,250 to GBX 2,100 and set a “buy” rating on the stock in a research report on Monday, March 23rd. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Johnson Matthey presently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,265.

Johnson Matthey Price Performance

Shares of JMAT stock traded down GBX 54 during trading hours on Friday, hitting GBX 2,120. The company’s stock had a trading volume of 828,357 shares, compared to its average volume of 2,826,645. The business has a fifty day moving average of GBX 2,026.14 and a 200-day moving average of GBX 2,107.52. The stock has a market cap of £3.55 billion, a price-to-earnings ratio of -32.17, a P/E/G ratio of 49,242.50 and a beta of 0.91. Johnson Matthey has a twelve month low of GBX 1,660 and a twelve month high of GBX 2,434. The company has a current ratio of 1.65, a quick ratio of 0.76 and a debt-to-equity ratio of 71.01.

Johnson Matthey (LON:JMAT) last released its quarterly earnings results on Thursday, May 28th. The company reported GBX 128.50 EPS for the quarter. Johnson Matthey had a negative net margin of 1.13% and a negative return on equity of 5.87%. The business had revenue of GBX 1,257.30 billion for the quarter. As a group, equities research analysts anticipate that Johnson Matthey will post 173.4112903 EPS for the current year.

Insiders Place Their Bets

In related news, insider Alastair Judge purchased 14 shares of the firm’s stock in a transaction on Wednesday, April 15th. The shares were bought at an average price of GBX 2,022 per share, for a total transaction of £283.08. Also, insider Liam Condon purchased 14 shares of the firm’s stock in a transaction on Wednesday, March 11th. The stock was bought at an average price of GBX 1,941 per share, for a total transaction of £271.74. In the last quarter, insiders acquired 72 shares of company stock worth $146,198. 0.51% 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. 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.