Analysts Set Johnson Matthey PLC (LON:JMAT) PT at GBX 2,750

Johnson Matthey PLC (LON:JMAT) has been assigned a consensus recommendation of “Hold” from the twelve research firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is GBX 2,750 ($35.93).

Several equities research analysts recently weighed in on JMAT shares. UBS Group reiterated a “sell” rating on shares of Johnson Matthey in a research note on Friday, July 24th. Liberum Capital reiterated a “hold” rating on shares of Johnson Matthey in a research note on Wednesday, July 15th. HSBC increased their price objective on shares of Johnson Matthey from GBX 1,850 ($24.17) to GBX 2,050 ($26.78) and gave the stock a “hold” rating in a research note on Tuesday, June 23rd. Barclays dropped their price objective on shares of Johnson Matthey from GBX 2,650 ($34.62) to GBX 2,450 ($32.01) and set an “equal weight” rating on the stock in a research note on Monday, July 6th. Finally, Berenberg Bank increased their price objective on shares of Johnson Matthey from GBX 2,700 ($35.28) to GBX 3,000 ($39.20) and gave the stock a “buy” rating in a research note on Thursday, September 10th.

In related news, insider Anna Manz acquired 18 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were acquired at an average price of GBX 2,384 ($31.15) per share, for a total transaction of £429.12 ($560.65). Also, insider Robert MacLeod sold 11,968 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of GBX 2,245 ($29.33), for a total transaction of £268,681.60 ($351,034.23).

JMAT traded up GBX 49 ($0.64) on Friday, hitting GBX 2,426 ($31.70). 547,176 shares of the company’s stock were exchanged, compared to its average volume of 661,471. The firm has a market cap of $4.69 billion and a PE ratio of 18.36. Johnson Matthey has a twelve month low of GBX 1,614 ($21.09) and a twelve month high of GBX 3,294 ($43.04). The stock has a fifty day moving average of GBX 2,438.84 and a two-hundred day moving average of GBX 2,189.55. The company has a current ratio of 1.32, a quick ratio of 0.71 and a debt-to-equity ratio of 50.71.

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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Analyst Recommendations for Johnson Matthey (LON:JMAT)

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