Johnson Matthey (LON:JMAT) Given New GBX 1,500 Price Target at Berenberg Bank

Johnson Matthey (LON:JMAT) had its price objective dropped by research analysts at Berenberg Bank from GBX 1,650 ($21.02) to GBX 1,500 ($19.11) in a report released on Thursday, MarketBeat reports. The firm presently has a “hold” rating on the stock. Berenberg Bank’s price objective would suggest a potential upside of 10.38% from the stock’s previous close.

Johnson Matthey Stock Up 2.2 %

Shares of JMAT stock opened at GBX 1,359 ($17.31) on Thursday. Johnson Matthey has a 1 year low of GBX 1,318 ($16.79) and a 1 year high of GBX 1,917.07 ($24.42). The company has a debt-to-equity ratio of 63.15, a quick ratio of 0.76 and a current ratio of 1.45. The business’s fifty day moving average is GBX 1,510.09 and its 200-day moving average is GBX 1,610.89. The stock has a market cap of £2.37 billion, a PE ratio of 2,355.91, a price-to-earnings-growth ratio of 49,242.50 and a beta of 0.95.

Insider Activity

In related news, insider Stephen Oxley bought 24 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were bought at an average cost of GBX 1,504 ($19.16) per share, with a total value of £360.96 ($459.76). Also, insider Liam Condon bought 27 shares of Johnson Matthey stock in a transaction dated Wednesday, October 16th. The shares were bought at an average cost of GBX 1,505 ($19.17) per share, with a total value of £406.35 ($517.58). In the last quarter, insiders acquired 7,479 shares of company stock worth $10,057,890. Corporate insiders own 0.61% 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.