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

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

Several other equities research analysts also recently issued reports on the stock. Berenberg Bank dropped their price target on shares of Johnson Matthey from GBX 2,250 to GBX 2,100 and set a “buy” rating on the stock in a research note on Monday, March 23rd. UBS Group reaffirmed a “neutral” rating and set a GBX 2,200 price target on shares of Johnson Matthey in a research note on Friday, May 22nd. Finally, Jefferies Financial Group reaffirmed a “restricted” rating on shares of Johnson Matthey in a research note on Friday. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,265.

Johnson Matthey Stock Down 2.5%

Johnson Matthey stock traded down GBX 54 during midday trading on Friday, hitting GBX 2,120. 828,357 shares of the stock were exchanged, compared to its average volume of 2,826,645. Johnson Matthey has a 1 year low of GBX 1,660 and a 1 year high of GBX 2,434. The firm has a market cap of £3.55 billion, a P/E ratio of -32.17, a P/E/G ratio of 49,242.50 and a beta of 0.91. The company has a debt-to-equity ratio of 71.01, a current ratio of 1.65 and a quick ratio of 0.76. The company has a 50 day moving average price of GBX 2,026.14 and a two-hundred day moving average price of GBX 2,107.52.

Johnson Matthey (LON:JMAT) last released its quarterly earnings results on Thursday, May 28th. The company reported GBX 128.50 earnings per share (EPS) for the quarter. Johnson Matthey had a negative net margin of 1.13% and a negative return on equity of 5.87%. The firm had revenue of GBX 1,257.30 billion for the quarter. On average, sell-side analysts predict that Johnson Matthey will post 173.4112903 earnings per share for the current fiscal year.

Insider Buying and Selling at Johnson Matthey

In related news, insider Liam Condon acquired 14 shares of the firm’s stock in a transaction on Wednesday, March 11th. The stock was bought at an average cost of GBX 1,941 per share, with a total value of £271.74. Also, insider Alastair Judge acquired 14 shares of the firm’s stock in a transaction on Wednesday, April 15th. The shares were bought at an average cost of GBX 2,022 per share, with a total value of £283.08. Over the last three months, insiders have acquired 72 shares of company stock valued at $146,198. 0.51% of the stock is owned by company insiders.

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.