Deutsche Bank Aktiengesellschaft Increases Johnson Matthey (LON:JMAT) Price Target to GBX 2,120

Johnson Matthey (LON:JMAT) had its target price boosted by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 1,922 to GBX 2,120 in a report issued on Tuesday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 9.96% from the company’s previous close.

Separately, Berenberg Bank cut their price target on 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. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 2,222.

Johnson Matthey Stock Up 0.3%

LON:JMAT traded up GBX 6.03 during midday trading on Tuesday, reaching GBX 1,928.03. The company had a trading volume of 530,374 shares, compared to its average volume of 2,313,271. The firm has a market capitalization of £3.23 billion, a price-to-earnings ratio of -29.26, a PEG ratio of 49,242.50 and a beta of 0.96. The stock’s fifty day simple moving average is GBX 2,076.81 and its 200-day simple moving average is GBX 2,105.47. Johnson Matthey has a 12-month low of GBX 1,138 and a 12-month high of GBX 2,434. The company has a current ratio of 1.65, a quick ratio of 0.76 and a debt-to-equity ratio of 71.01.

Insider Buying and Selling at Johnson Matthey

In other Johnson Matthey news, insider Andrew Cosslett purchased 5,136 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were bought at an average cost of GBX 1,937 per share, for a total transaction of £99,484.32. Also, insider Liam Condon purchased 14 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was acquired at an average price of GBX 1,941 per share, for a total transaction of £271.74. Insiders have acquired a total of 10,430 shares of company stock worth $20,146,398 over the last ninety days. Corporate insiders own 0.51% of the company’s stock.

Johnson Matthey Company Profile

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.