Johnson Matthey (LON:JMAT) Given Buy Rating at Deutsche Bank Aktiengesellschaft

Johnson Matthey (LON:JMAT)‘s stock had its “buy” rating restated by equities research analysts at Deutsche Bank Aktiengesellschaft in a report issued on Monday,Digital Look reports. They currently have a GBX 2,400 target price on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 20.18% from the company’s previous close.

Several other brokerages also recently issued reports on JMAT. Berenberg Bank lifted their price objective on Johnson Matthey from GBX 2,100 to GBX 2,300 and gave the company a “buy” rating in a research report on Monday, June 1st. Jefferies Financial Group restated a “restricted” rating on shares of Johnson Matthey in a report on Friday, May 29th. Finally, UBS Group restated a “neutral” rating and issued a GBX 2,200 target price on shares of Johnson Matthey in a research note on Friday, May 22nd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,298.33.

Johnson Matthey Stock Up 2.0%

JMAT opened at GBX 1,997 on Monday. The company has a market capitalization of £3.35 billion, a P/E ratio of -34.91, a P/E/G ratio of 49,242.50 and a beta of 0.94. The company has a debt-to-equity ratio of 69.69, a current ratio of 1.56 and a quick ratio of 0.76. The firm’s fifty day moving average price is GBX 2,089.22 and its two-hundred day moving average price is GBX 2,112.77. Johnson Matthey has a fifty-two week low of GBX 1,730.72 and a fifty-two week high of GBX 2,434.

Johnson Matthey (LON:JMAT) last released its quarterly earnings data on Thursday, May 28th. The company reported GBX 128.50 earnings per share for the quarter. Johnson Matthey had a negative return on equity of 4.66% and a negative net margin of 0.76%.The company had revenue of GBX 1,257.30 billion for the quarter. On average, analysts anticipate that Johnson Matthey will post 173.4112903 EPS for the current year.

Insiders Place Their Bets

In other Johnson Matthey news, insider Liam Condon purchased 4,500 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was bought at an average cost of GBX 2,127 per share, with a total value of £95,715. Also, insider Andrew Cosslett purchased 6,884 shares of the stock in a transaction on Wednesday, June 3rd. The stock was acquired at an average price of GBX 2,168 per share, for a total transaction of £149,245.12. Insiders bought a total of 11,470 shares of company stock valued at $24,671,344 in the last three months. Insiders own 0.51% 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. 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.