Johnson Matthey (LON:JMAT) Rating Reiterated by Berenberg Bank

Johnson Matthey (LON:JMAT)‘s stock had its “buy” rating reaffirmed by equities researchers at Berenberg Bank in a research note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports.

A number of other research firms have also recently issued reports on JMAT. Credit Suisse Group restated an “outperform” rating on shares of Johnson Matthey in a report on Friday, May 31st. UBS Group restated a “sell” rating on shares of Johnson Matthey in a report on Thursday, July 18th. Deutsche Bank restated a “buy” rating on shares of Johnson Matthey in a report on Thursday, July 18th. HSBC increased their price target on Johnson Matthey from GBX 3,650 ($47.69) to GBX 3,750 ($49.00) and gave the stock a “buy” rating in a report on Wednesday, June 5th. Finally, Liberum Capital restated a “buy” rating on shares of Johnson Matthey in a report on Wednesday, July 17th. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of GBX 3,738.33 ($48.85).

Johnson Matthey stock opened at GBX 2,845 ($37.17) on Tuesday. The stock has a market capitalization of $5.51 billion and a price-to-earnings ratio of 13.26. Johnson Matthey has a 52-week low of GBX 2,574 ($33.63) and a 52-week high of GBX 3,692 ($48.24). The stock’s 50 day moving average price is GBX 3,104.14 and its two-hundred day moving average price is GBX 3,169.06. The company has a debt-to-equity ratio of 50.40, a quick ratio of 0.95 and a current ratio of 1.64.

In other news, insider Anna Manz bought 12 shares of the business’s stock in a transaction that occurred on Wednesday, June 19th. The shares were bought at an average cost of GBX 3,134 ($40.95) per share, for a total transaction of £376.08 ($491.42). Also, insider Robert MacLeod sold 6,696 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of GBX 3,166 ($41.37), for a total value of £211,995.36 ($277,009.49).

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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