Johnson Matthey (LON:JMAT) had its price objective increased by research analysts at Deutsche Bank from GBX 3,570 ($47.53) to GBX 4,500 ($59.91) in a note issued to investors on Friday, June 15th. The brokerage currently has a “buy” rating on the stock. Deutsche Bank’s price target indicates a potential upside of 24.07% from the stock’s current price.
A number of other brokerages have also recently issued reports on JMAT. Morgan Stanley restated an “overweight” rating and set a GBX 3,900 ($51.92) target price on shares of Johnson Matthey in a research report on Monday, June 4th. Liberum Capital upgraded shares of Johnson Matthey to a “buy” rating and lifted their target price for the stock from GBX 3,300 ($43.94) to GBX 4,000 ($53.26) in a research report on Monday, June 4th. Deutsche Bank restated a “buy” rating on shares of Johnson Matthey in a research report on Friday, June 1st. Citigroup restated a “buy” rating on shares of Johnson Matthey in a research report on Tuesday, May 29th. Finally, Credit Suisse Group restated an “outperform” rating on shares of Johnson Matthey in a research report on Friday, May 4th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of GBX 3,747.78 ($49.90).
Shares of Johnson Matthey traded up GBX 22 ($0.29), hitting GBX 3,627 ($48.29), during midday trading on Friday, according to Marketbeat Ratings. The company had a trading volume of 361,387 shares, compared to its average volume of 691,012. Johnson Matthey has a twelve month low of GBX 2,681 ($35.69) and a twelve month high of GBX 3,511 ($46.74).
Johnson Matthey (LON:JMAT) last announced its quarterly earnings data on Thursday, May 31st. The company reported GBX 208.40 ($2.77) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 207.90 ($2.77) by GBX 0.50 ($0.01). Johnson Matthey had a net margin of 2.60% and a return on equity of 14.99%.
In other news, insider Anna Manz acquired 12 shares of the business’s stock in a transaction dated Wednesday, May 16th. The stock was acquired at an average price of GBX 3,493 ($46.51) per share, with a total value of £419.16 ($558.06). Also, insider Robert MacLeod acquired 9 shares of the business’s stock in a transaction dated Wednesday, June 20th. The stock was purchased at an average cost of GBX 3,790 ($50.46) per share, with a total value of £341.10 ($454.13). In the last three months, insiders bought 33 shares of company stock valued at $115,242.
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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