Credit Suisse Group restated their outperform rating on shares of Johnson Matthey (LON:JMAT) in a report released on Tuesday morning. They currently have a GBX 3,900 ($53.88) price objective on the stock.
A number of other equities research analysts also recently weighed in on JMAT. Morgan Stanley upped their target price on Johnson Matthey from GBX 3,500 ($48.36) to GBX 3,900 ($53.88) and gave the stock an overweight rating in a research report on Monday, November 13th. Barclays restated an overweight rating and issued a GBX 3,680 ($50.84) target price (up from GBX 3,450 ($47.67)) on shares of Johnson Matthey in a research report on Thursday, November 16th. Liberum Capital restated a hold rating and issued a GBX 3,400 ($46.97) target price on shares of Johnson Matthey in a research report on Tuesday, November 21st. JPMorgan Chase & Co. restated a neutral rating and issued a GBX 3,400 ($46.97) target price on shares of Johnson Matthey in a research report on Wednesday, November 22nd. Finally, Citigroup restated a buy rating and issued a GBX 4,000 ($55.26) target price on shares of Johnson Matthey in a research report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of GBX 3,592.22 ($49.63).
Johnson Matthey (LON:JMAT) opened at GBX 3,171 ($43.81) on Tuesday. The stock has a market capitalization of $6,140.00 and a P/E ratio of 1,668.95. Johnson Matthey has a 52-week low of GBX 2,681 ($37.04) and a 52-week high of GBX 3,511 ($48.51).
Johnson Matthey (LON:JMAT) last issued its quarterly earnings data on Tuesday, November 21st. The company reported GBX 99.80 ($1.38) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of GBX 100.10 ($1.38) by GBX (0.30) ($0.00). The business had revenue of GBX 647.83 billion for the quarter. Johnson Matthey had a return on equity of 14.99% and a net margin of 2.60%.
In other news, insider Robert MacLeod bought 12 shares of the business’s stock in a transaction on Wednesday, January 17th. The stock was purchased at an average cost of GBX 3,273 ($45.22) per share, for a total transaction of £392.76 ($542.64).
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About Johnson Matthey
Johnson Matthey Plc is a specialty chemicals company. The Company operates in five divisions: Emission Control Technologies, which is a manufacturer of catalysts and catalyst systems for vehicles and industry; Process Technologies, which is a supplier of catalysts, licensing technologies and other services to the syngas, oleo/biochemical, petrochemical, oil refining and gas processing industries; Precious Metal Products, which is organized into its Services businesses, which include management, distribution, refining and recycling of precious metals, and its Manufacturing businesses, which fabricates products using precious metals or related materials, platinum group metal catalysts and platinum group metal chemicals; Fine Chemicals, which is a supplier of active pharmaceutical ingredients (API), custom services and catalyst technologies, and New Businesses, which focuses on its Battery Technologies, Atmosphere Control Technologies and Fuel Cells Businesses.
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